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 January 28, 2025
The 10-day moving average for CGSM crossed bullishly above the 50-day moving average on January 28, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 Momentum Indicator moved above the 0 level on January 17, 2025. You may want to consider a long position or call options on CGSM as a result. In of 9 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CGSM just turned positive on February 20, 2025. Looking at past instances where CGSM's MACD turned positive, the stock continued to rise in of 11 cases over the following month. The odds of a continued upward trend are .
CGSM moved above its 50-day moving average on January 17, 2025 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 94 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 151 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 % |
| LEMB | 37.19 | -0.07 | -0.19% |
| iShares JP Morgan EM Local Ccy Bd ETF | |||
| OVM | 22.02 | -0.07 | -0.32% |
| Overlay Shares Municipal Bond ETF | |||
| DALI | 26.14 | -0.73 | -2.73% |
| First Trust Dorsey Wright DALI 1 ETF | |||
| IWM | 217.80 | -6.46 | -2.88% |
| iShares Russell 2000 ETF | |||
| URNM | 36.31 | -1.23 | -3.28% |
| Sprott Uranium Miners 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 73% 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% | +0.15% | ||
| DFNM - CGSM | 73% Closely correlated | +0.17% | ||
| SUB - CGSM | 73% Closely correlated | +0.14% | ||
| SHM - CGSM | 72% Closely correlated | +0.10% | ||
| JMST - CGSM | 51% Loosely correlated | +0.06% | ||
| MEAR - CGSM | 43% Loosely correlated | +0.10% |