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CNRG
ETF ticker:
NYSE ARCA
AS OF
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Price
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Net Assets
327.48M

CNRG Price Prediction, SPDR® Kensho Clean Power ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CNRG with price predictions
08:00 PM EDT Jun 01, 2023

Momentum Indicator for CNRG turns positive, indicating new upward trend

CNRG saw its Momentum Indicator move above the 0 level on June 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where CNRG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CNRG just turned positive on May 12, 2023. Looking at past instances where CNRG's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

CNRG moved above its 50-day moving average on June 02, 2023 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 CNRG advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNRG 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 CNRG entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Nextera Energy Inc (NYSE:NEE), General Electric Company (NYSE:GE), Applied Materials (NASDAQ:AMAT), Enphase Energy (NASDAQ:ENPH), First Solar (NASDAQ:FSLR), SolarEdge Technologies (NASDAQ:SEDG), Generac Holdings (NYSE:GNRC), Plug Power (NASDAQ:PLUG), Bloom Energy Corp (NYSE:BE).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Clean Power Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to capture companies whose products and services are driving innovation behind clean power. The fund may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. It is non-diversified.

Market Cap

The average market capitalization across the SPDR® Kensho Clean Power ETF ETF is 34.72B. The market cap for tickers in the group ranges from 257.8M to 678.18B. TSLA holds the highest valuation in this group at 678.18B. The lowest valued company is SOL at 257.8M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® Kensho Clean Power ETF ETF was 2%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was -11%. SOL experienced the highest price growth at 13%, while CSIQ experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the SPDR® Kensho Clean Power ETF ETF was 6%. For the same stocks of the ETF, the average monthly volume growth was 17% and the average quarterly volume growth was 44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 71
P/E Growth Rating: 64
Price Growth Rating: 57
SMR Rating: 71
Profit Risk Rating: 67
Seasonality Score: 21 (-100 ... +100)
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published General Information

General Information

Category Energy

Profile
Fundamentals
Details
Category
Equity Energy
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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CNRG and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNRG has been loosely correlated with XOP. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if CNRG jumps, then XOP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNRG
1D Price
Change %
CNRG100%
+1.73%
XOP - CNRG
45%
Loosely correlated
+4.11%
OIH - CNRG
42%
Loosely correlated
+5.12%
IXC - CNRG
41%
Loosely correlated
+2.71%
IYE - CNRG
40%
Loosely correlated
+2.86%
VDE - CNRG
40%
Loosely correlated
+3.12%
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