CTEX ProShares S&P Kensho Cleantech ETF Forecast, Technical & Fundamental Analysis
CTEX in upward trend: price rose above 50-day moving average on December 01, 2023
CTEX moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend. In of 13 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on CTEX as a result. In of 35 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CTEX just turned positive on November 02, 2023. Looking at past instances where CTEX's MACD turned positive, the stock continued to rise in of 17 cases 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 CTEX advanced for three days, in of 104 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTEX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CTEX broke above its upper Bollinger Band on December 01, 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.
The Aroon Indicator for CTEX entered a downward trend on November 07, 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)
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Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
CTEX and
Correlation & Price change
A.I.dvisor tells us that CTEX and IYW have been poorly correlated (+11% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that CTEX and IYW's prices will move in lockstep.
| Ticker / NAME | Correlation To CTEX | 1D Price Change % | ||
|---|---|---|---|---|
| CTEX | 100% | +1.06% | ||
| IYW - CTEX | 11% Poorly correlated | -1.26% | ||
| VGT - CTEX | 9% Poorly correlated | -1.02% | ||
| XLK - CTEX | 9% Poorly correlated | -1.22% | ||
| SOXX - CTEX | 8% Poorly correlated | -1.12% | ||
| SMH - CTEX | 8% Poorly correlated | -1.46% |