CGSM Capital Group Short Dur Muncpl Inc ETF Forecast, Technical & Fundamental Analysis
CGSM in upward trend: 10-day moving average crossed above 50-day moving average on November 25, 2024
The 10-day moving average for CGSM crossed bullishly above the 50-day moving average on November 25, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
CGSM moved above its 50-day moving average on November 15, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CGSM advanced for three days, in of 78 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 141 cases where CGSM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
General Information
Category MuniNationalShort
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| YOLO | 2.43 | 0.06 | +2.53% |
| AdvisorShares Pure Cannabis ETF | |||
| FBOT | 28.70 | -0.02 | -0.06% |
| Fidelity Disruptive Automation ETF | |||
| IYK | 67.01 | -0.23 | -0.34% |
| iShares US Consumer Staples ETF | |||
| JPIN | 55.42 | -0.21 | -0.37% |
| JPMorgan Diversified Return Intl Eq ETF | |||
| IWM | 231.07 | -2.68 | -1.14% |
| iShares Russell 2000 ETF | |||
CGSM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CGSM has been closely correlated with DFNM. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if CGSM jumps, then DFNM could also see price increases.
| Ticker / NAME | Correlation To CGSM | 1D Price Change % | ||
|---|---|---|---|---|
| CGSM | 100% | -0.08% | ||
| DFNM - CGSM | 72% Closely correlated | -0.18% | ||
| SHM - CGSM | 70% Closely correlated | -0.04% | ||
| SUB - CGSM | 65% Loosely correlated | -0.06% | ||
| JMST - CGSM | 48% Loosely correlated | -0.02% | ||
| MEAR - CGSM | 38% Loosely correlated | -0.04% |