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ECON
ETF ticker: NYSE ARCA
AS OF
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Net Assets
65.45M

ECON Columbia Emerging Markets Consumer ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ECON with price predictions
08:00 PM EDT Oct 02, 2023

ECON sees MACD Histogram crosses below signal line

ECON saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 20, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ECON as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ECON moved below its 50-day moving average on September 05, 2023 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 ECON 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 ECON entered a downward trend on October 03, 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.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for ECON'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 ECON advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

ECON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), NetEase (NASDAQ:NTES), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), Yum China Holdings (NYSE:YUMC), Tencent Music Entertainment Group (NYSE:TME), Vipshop Holdings Limited (NYSE:VIPS), Bilibili (NASDAQ:BILI).

Industry description

The investment seeks investment results that correspond (before fees and expenses) to the price and yield performance of the Dow Jones Emerging Markets Consumer Titans TM Index. The fund invests at least 80% of its net assets in securities of emerging markets consumer companies which comprise the index and the advisor generally expects to be substantially invested at such times with at least 95% of its net assets invested in these securities. It is non-diversified.

Market Cap

The average market capitalization across the Columbia Emerging Markets Consumer ETF ETF is 59.81B. The market cap for tickers in the group ranges from 5.49B to 222.69B. BABA holds the highest valuation in this group at 222.69B. The lowest valued company is BILI at 5.49B.

High and low price notable news

The average weekly price growth across all stocks in the Columbia Emerging Markets Consumer ETF ETF was -1%. For the same ETF, the average monthly price growth was -6%, and the average quarterly price growth was -3%. PDD experienced the highest price growth at 4%, while VOD experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Columbia Emerging Markets Consumer ETF ETF was -5%. For the same stocks of the ETF, the average monthly volume growth was -36% and the average quarterly volume growth was -27%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 75
Price Growth Rating: 54
SMR Rating: 62
Profit Risk Rating: 84
Seasonality Score: 37 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Category DiversifiedEmergingMkts

Profile
Fundamentals
Details
Category
Diversified Emerging Mkts
Address
EGA Emerging Global Shares Trust155 West 19th StreetNew York
Phone
1-888-800-4347
Web
www.egshares.com
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ECON and

Correlation & Price change

A.I.dvisor indicates that over the last year, ECON has been closely correlated with EEMV. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if ECON jumps, then EEMV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ECON
1D Price
Change %
ECON100%
-1.10%
EEMV - ECON
83%
Closely correlated
-0.86%
SCHE - ECON
23%
Poorly correlated
-1.34%
EEM - ECON
22%
Poorly correlated
-1.32%
SPEM - ECON
22%
Poorly correlated
-1.35%
IEMG - ECON
22%
Poorly correlated
-1.27%
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