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CRAK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
34.96M

CRAK VanEck Oil Refiners ETF Forecast, Technical & Fundamental Analysis

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

Momentum Indicator for CRAK turns positive, indicating new upward trend

CRAK saw its Momentum Indicator move above the 0 level on November 10, 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 73 similar instances where the indicator turned positive. In of the 73 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 Moving Average Convergence Divergence (MACD) for CRAK just turned positive on October 31, 2023. Looking at past instances where CRAK'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 .

CRAK 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 CRAK crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 CRAK advanced for three days, in of 351 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 287 cases where CRAK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

CRAK broke above its upper Bollinger Band on November 15, 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

Notable companies

The most notable companies in this group are MARATHON PETROLEUM Corp (NYSE:MPC), Phillips 66 (NYSE:PSX), Valero Energy Corp (NYSE:VLO).

Industry description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Oil Refiners Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.

Market Cap

The average market capitalization across the VanEck Oil Refiners ETF ETF is 21.69B. The market cap for tickers in the group ranges from 1.73B to 57.16B. MPC holds the highest valuation in this group at 57.16B. The lowest valued company is DK at 1.73B.

High and low price notable news

The average weekly price growth across all stocks in the VanEck Oil Refiners ETF ETF was 1%. For the same ETF, the average monthly price growth was 8%, and the average quarterly price growth was 20%. VLO experienced the highest price growth at 2%, while DINO experienced the biggest fall at 0%.

Volume

The average weekly volume growth across all stocks in the VanEck Oil Refiners ETF ETF was -65%. For the same stocks of the ETF, the average monthly volume growth was -79% and the average quarterly volume growth was -82%

Fundamental Analysis Ratings

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

Valuation Rating: 47
P/E Growth Rating: 55
Price Growth Rating: 35
SMR Rating: 31
Profit Risk Rating: 50
Seasonality Score: -29 (-100 ... +100)
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published General Information

General Information

Category Energy

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CRAK and

Correlation & Price change

A.I.dvisor indicates that over the last year, CRAK has been closely correlated with IXC. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRAK jumps, then IXC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CRAK
1D Price
Change %
CRAK100%
+0.98%
IXC - CRAK
75%
Closely correlated
+0.25%
IYE - CRAK
73%
Closely correlated
-0.02%
XOP - CRAK
73%
Closely correlated
-0.28%
VDE - CRAK
73%
Closely correlated
-0.01%
XLE - CRAK
72%
Closely correlated
+0.02%
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