CGSM Capital Group Short Dur Muncpl Inc ETF Forecast, Technical & Fundamental Analysis
CGSM in +0.21% Uptrend, rising for three consecutive days on December 30, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CGSM advanced for three days, in of 88 cases, the price rose further within 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 06, 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 January 06, 2025. Looking at past instances where CGSM's MACD turned positive, the stock continued to rise in of 9 cases over the following month. The odds of a continued upward trend are .
CGSM moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend.
Bearish Trend Analysis
General Information
Category MuniNationalShort
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| TMFC | 60.58 | 0.71 | +1.19% |
| Motley Fool 100 ETF | |||
| QMOM | 67.40 | 0.34 | +0.51% |
| Alpha Architect US Quantitative Momt ETF | |||
| IWM | 225.46 | 0.97 | +0.43% |
| iShares Russell 2000 ETF | |||
| PSTP | 32.38 | 0.13 | +0.41% |
| Innovator Power Buffer Step-Up Stgy ETF | |||
| AAA | 25.17 | N/A | -0.01% |
| Alternative AccessFirstPriorityCLO BdETF | |||
CGSM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CGSM has been closely correlated with SHM. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if CGSM jumps, then SHM could also see price increases.
| Ticker / NAME | Correlation To CGSM | 1D Price Change % | ||
|---|---|---|---|---|
| CGSM | 100% | +0.19% | ||
| SHM - CGSM | 74% Closely correlated | +0.04% | ||
| DFNM - CGSM | 74% Closely correlated | +0.25% | ||
| SUB - CGSM | 71% Closely correlated | +0.19% | ||
| JMST - CGSM | 52% Loosely correlated | +0.08% | ||
| MEAR - CGSM | 42% Loosely correlated | +0.03% |