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CNRG
ETF ticker: NYSE ARCA
AS OF
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Net Assets
232.06M

CNRG SPDR® Kensho Clean Power ETF Forecast, Technical & Fundamental Analysis

Category Energy
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CNRG with price predictions
07:00 PM EST Nov 29, 2023

CNRG in upward trend: price rose above 50-day moving average on November 29, 2023

CNRG moved above its 50-day moving average on November 29, 2023 date and that indicates a change from a downward trend to an upward trend. In of 36 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CNRG's RSI Indicator exited the oversold zone, of 27 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 November 02, 2023. Looking at past instances where CNRG's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for CNRG crossed bullishly above the 50-day moving average on November 28, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 CNRG advanced for three days, in of 334 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where CNRG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CNRG as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 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 November 08, 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), General Electric Company (NYSE:GE), Applied Materials (NASDAQ:AMAT), Nextera Energy Inc (NYSE:NEE), Corning (NYSE:GLW), First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), Generac Holdings (NYSE:GNRC), SolarEdge Technologies (NASDAQ:SEDG), 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 34.25B. The market cap for tickers in the group ranges from 94.93M to 784.3B. TSLA holds the highest valuation in this group at 784.3B. The lowest valued company is TPIC at 94.93M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® Kensho Clean Power ETF ETF was 25%. For the same ETF, the average monthly price growth was 49%, and the average quarterly price growth was 57%. PLUG experienced the highest price growth at 16%, while MAXN experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the SPDR® Kensho Clean Power ETF ETF was 23%. For the same stocks of the ETF, the average monthly volume growth was 10% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 72
Price Growth Rating: 59
SMR Rating: 68
Profit Risk Rating: 75
Seasonality Score: 17 (-100 ... +100)
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A.I. Advisor
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 48% 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%
+0.34%
XOP - CNRG
48%
Loosely correlated
+0.56%
OIH - CNRG
45%
Loosely correlated
+0.53%
VDE - CNRG
44%
Loosely correlated
+0.69%
IXC - CNRG
44%
Loosely correlated
+0.66%
XLE - CNRG
41%
Loosely correlated
+0.67%
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