ESGU in downward trend: price dove below 50-day moving average on September 15, 2023
ESGU moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend. In of 37 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ESGU as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ESGU turned negative on September 18, 2023. 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for ESGU crossed bearishly below the 50-day moving average on September 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 ESGU 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 ESGU entered a downward trend on August 29, 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 demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 ESGU advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
ESGU 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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
ESGU and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESGU has been closely correlated with SPY. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESGU jumps, then SPY could also see price increases.
| Ticker / NAME | Correlation To ESGU | 1D Price Change % | ||
|---|---|---|---|---|
| ESGU | 100% | -0.22% | ||
| SPY - ESGU | 100% Closely correlated | -0.22% | ||
| IVV - ESGU | 100% Closely correlated | -0.24% | ||
| VOO - ESGU | 100% Closely correlated | -0.24% | ||
| VTI - ESGU | 100% Closely correlated | -0.21% | ||
| VIG - ESGU | 96% Closely correlated | -0.13% |