CTEC Global X CleanTech ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index... Show more
Momentum Indicator for CTEC turns negative, indicating new downward trend
CTEC saw its Momentum Indicator move below the 0 level on March 25, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for CTEC turned negative on March 26, 2025. 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
CTEC moved below its 50-day moving average on March 18, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTEC 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 CTEC entered a downward trend on April 02, 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.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for CTEC's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CTEC advanced for three days, in of 248 cases, the price rose further within the following month. The odds of a continued upward trend are .
CTEC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category WorldStock
CTEC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CTEC has been closely correlated with ICLN. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if CTEC jumps, then ICLN could also see price increases.
| Ticker / NAME | Correlation To CTEC | 1D Price Change % | ||
|---|---|---|---|---|
| CTEC | 100% | -4.52% | ||
| ICLN - CTEC | 93% Closely correlated | -5.13% | ||
| TAN - CTEC | 93% Closely correlated | -4.84% | ||
| QCLN - CTEC | 89% Closely correlated | -5.64% | ||
| PBD - CTEC | 88% Closely correlated | -5.85% | ||
| XT - CTEC | 80% Closely correlated | -6.61% | ||
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