+Compare
CNXT
ETF ticker: NYSE ARCA
AS OF
Loading...
Price
Loading...
Change
Loading...
Net Assets
17.44M

CNXT VanEck ChiNext ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
a Summary for CNXT with price predictions
07:00 PM EST Nov 27, 2023

Aroon Indicator for CNXT shows an upward move is likely

CNXT's Aroon Indicator triggered a bullish signal on November 24, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 250 similar instances where the Aroon Indicator showed a similar pattern. In of the 250 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

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 CNXT's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

CNXT moved above its 50-day moving average on November 28, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CNXT crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 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 CNXT advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CNXT 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 .

The Moving Average Convergence Divergence Histogram (MACD) for CNXT turned negative on November 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNXT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CNXT broke above its upper Bollinger Band on November 06, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChiNext Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is a free-float adjusted index intended to track the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Market of the Shenzhen Stock Exchange. The index is comprised of China A-shares (“A-shares”).
View a ticker or compare two or three
Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
Ad is loading...
A.I. Advisor
published General Information

General Information

Category PacificAsiaexJapanStk

Profile
Fundamentals
Details
Category
China Region
Address
335 Madison Ave.19th FloorNew York
Phone
888-658-8287
Web
www.marketvectorsetfs.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
STOCK / NAMEPrice $Chg $Chg %
SMAWF166.895.10
+3.15%
Siemens AG
ZNOG0.06N/A
+1.05%
Zion Oil & Gas, Inc.
VWSYF25.830.03
+0.10%
Vestas Wind Systems A/S
BURBY18.40-0.59
-3.11%
Burberry Group Plc
SYAXF0.05N/A
-6.21%
Sayona Mining Ltd.

CNXT and

Correlation & Price change

A.I.dvisor tells us that CNXT and EWT have been poorly correlated (+8% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CNXT and EWT's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNXT
1D Price
Change %
CNXT100%
+0.93%
EWT - CNXT
8%
Poorly correlated
+1.35%
FXI - CNXT
4%
Poorly correlated
-1.19%
MCHI - CNXT
3%
Poorly correlated
+0.28%
KWEB - CNXT
2%
Poorly correlated
+0.93%
ASHR - CNXT
1%
Poorly correlated
+0.64%