CGW Invesco S&P Global Water ETF Forecast, Technical & Fundamental Analysis
CGW in +1.42% Uptrend, growing for three consecutive days on December 26, 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 CGW advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CGW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CGW entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category NaturalResources
CGW and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CGW has been closely correlated with VAW. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if CGW jumps, then VAW could also see price increases.