CGV Conductor Global Equity Value ETF Forecast, Technical & Fundamental Analysis
CGV in downward trend: price may decline as a result of having broken its higher Bollinger Band on November 02, 2023
CGV broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 6 similar instances where the stock broke above the upper band. In of the 6 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for CGV moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 7 similar instances where the indicator moved out of overbought territory. In of the 7 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 16 cases where CGV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CGV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on CGV as a result. In of 23 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 CGV just turned positive on October 31, 2023. Looking at past instances where CGV'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 .
CGV moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CGV crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CGV advanced for three days, in of 69 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 46 cases where CGV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ForeignSmallMidValue
CGV and
Correlation & Price change
A.I.dvisor tells us that CGV and PDN have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CGV and PDN's prices will move in lockstep.
| Ticker / NAME | Correlation To CGV | 1D Price Change % | ||
|---|---|---|---|---|
| CGV | 100% | +0.15% | ||
| PDN - CGV | 30% Poorly correlated | +0.42% | ||
| FNDC - CGV | 29% Poorly correlated | +0.58% | ||
| DLS - CGV | 27% Poorly correlated | +0.47% | ||
| AVDV - CGV | 26% Poorly correlated | +0.30% | ||
| DISV - CGV | 26% Poorly correlated | +0.24% |