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CTEX
ETF ticker: NYSE ARCA
AS OF
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Net Assets
4.82M

CTEX ProShares S&P Kensho Cleantech ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for CTEX with price predictions
07:00 PM EST Dec 03, 2023

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 .

Price Prediction Chart

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)

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), Corning (NYSE:GLW), First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), Generac Holdings (NYSE:GNRC), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG).

Industry description

The investment seeks results, before fees and expenses, that track the performance of the S&P Kensho Cleantech Index (the “index”). The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index selects companies focused on building the technologies or products that enable the generation of clean energy, such as solar, wind, geothermal, hydrogen, and hydroelectric. The fund will invest in all of the component securities of the index in approximately the same proportion as the index. It is non-diversified.

Market Cap

The average market capitalization across the ProShares S&P Kensho Cleantech ETF ETF is 38.57B. The market cap for tickers in the group ranges from 77.68M to 784.3B. TSLA holds the highest valuation in this group at 784.3B. The lowest valued company is FTCI at 77.68M.

High and low price notable news

The average weekly price growth across all stocks in the ProShares S&P Kensho Cleantech ETF ETF was 27%. For the same ETF, the average monthly price growth was 39%, and the average quarterly price growth was 59%. PLUG experienced the highest price growth at 40%, while AMAT experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the ProShares S&P Kensho Cleantech ETF ETF was 15%. For the same stocks of the ETF, the average monthly volume growth was -4% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 77
Price Growth Rating: 60
SMR Rating: 66
Profit Risk Rating: 73
Seasonality Score: 31 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
ProShares Trust7501 Wisconsin Avenue,Suite 1000Bethesda
Phone
N/A
Web
www.proshares.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CTEX
1D Price
Change %
CTEX100%
+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%