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FGDL
ETF ticker: NYSE ARCA
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Net Assets
67.53M

FGDL Franklin Responsibly Sourced Gold ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FGDL with price predictions
08:00 PM EDT Sep 20, 2023

FGDL in downward trend: price dove below 50-day moving average on September 21, 2023

FGDL moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend. In of 5 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 14 cases where FGDL'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 FGDL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FGDL broke above its upper Bollinger Band on August 29, 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 FGDL entered a downward trend on September 06, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where FGDL's RSI Indicator exited the oversold zone, of 6 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on FGDL as a result. In of 16 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 FGDL just turned positive on September 18, 2023. Looking at past instances where FGDL's MACD turned positive, the stock continued to rise in of 13 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 FGDL advanced for three days, in of 66 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to reflect the performance of the price of gold bullion, less the expenses of the fund’s operations. The assets of the fund include only gold bullion and cash, if any. The fund is not a proxy for investing in physical gold. Rather, the Shares are intended to provide a cost-effective means of obtaining investment exposure through the securities markets that is similar to an investment in gold.
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A.I. Advisor
published General Information

General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
FRANKLIN HOLDINGS, LLC
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FGDL and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FGDL
1D Price
Change %
FGDL100%
-0.71%
GDX - FGDL
83%
Closely correlated
-2.69%
GDXJ - FGDL
83%
Closely correlated
-2.81%
SIL - FGDL
80%
Closely correlated
-2.60%
SILJ - FGDL
78%
Closely correlated
-2.85%
PICK - FGDL
46%
Loosely correlated
-2.61%