DRIV Global X Atnms & Elctrc Vhcls ETF Forecast, Technical & Fundamental Analysis
DRIV sees MACD Histogram crosses below signal line
DRIV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 17, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 40 instances where the indicator turned negative. In of the 40 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where DRIV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DRIV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DRIV broke above its upper Bollinger Band on December 09, 2024. 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on DRIV as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 DRIV advanced for three days, in of 348 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 283 cases where DRIV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category MiscellaneousSector
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FSBKX | 20.55 | -0.07 | -0.34% |
| Federated Hermes Global Allocation R | |||
| GKIRX | 26.29 | -0.09 | -0.34% |
| Goldman Sachs Income Builder Inv | |||
| WPSGX | 54.95 | -0.35 | -0.63% |
| AB Concentrated Growth Advisor | |||
| WSCOX | 13.75 | -0.18 | -1.29% |
| Allspring Disciplined Small Cap Inst | |||
| DFSVX | 50.15 | -0.70 | -1.38% |
| DFA US Small Cap Value I | |||
DRIV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DRIV has been closely correlated with XT. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if DRIV jumps, then XT could also see price increases.
| Ticker / NAME | Correlation To DRIV | 1D Price Change % | ||
|---|---|---|---|---|
| DRIV | 100% | -0.50% | ||
| XT - DRIV | 93% Closely correlated | -0.38% | ||
| QCLN - DRIV | 87% Closely correlated | -0.11% | ||
| GRID - DRIV | 83% Closely correlated | -0.81% | ||
| BOTZ - DRIV | 83% Closely correlated | -0.39% | ||
| ICLN - DRIV | 72% Closely correlated | +0.55% | ||
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