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FINX
ETF ticker: NASDAQ
AS OF
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Net Assets
345.91M

FINX Global X FinTech ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FINX with price predictions
08:00 PM EDT Sep 19, 2023

FINX's Indicator enters downward trend

The Aroon Indicator for FINX entered a downward trend on August 29, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 163 similar instances where the Aroon Indicator formed such a pattern. In of the 163 cases the stock moved lower. 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 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FINX as a result. In of 75 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 FINX turned negative on September 20, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for FINX crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 FINX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for FINX'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 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 FINX advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

FINX 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 Intuit (NASDAQ:INTU), PayPal Holdings (NASDAQ:PYPL), Block (NYSE:SQ), StoneCo Ltd (NASDAQ:STNE).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global Fintech Thematic Index. The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to exchange-listed companies in developed markets that provide financial technology products and services, including companies involved in mobile payments, peer-to-peer (P2P) and marketplace lending, financial analytics software and alternative currencies, as defined by the index provider. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X FinTech ETF ETF is 13.07B. The market cap for tickers in the group ranges from 5.5M to 146.74B. INTU holds the highest valuation in this group at 146.74B. The lowest valued company is NEXI at 5.5M.

High and low price notable news

The average weekly price growth across all stocks in the Global X FinTech ETF ETF was -6%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was 2%. LEON experienced the highest price growth at 203%, while MITK experienced the biggest fall at -17%.

Volume

The average weekly volume growth across all stocks in the Global X FinTech ETF ETF was 12%. For the same stocks of the ETF, the average monthly volume growth was 9% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

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

Valuation Rating: 60
P/E Growth Rating: 66
Price Growth Rating: 56
SMR Rating: 75
Profit Risk Rating: 91
Seasonality Score: -36 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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FINX and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FINX
1D Price
Change %
FINX100%
-2.57%
VGT - FINX
83%
Closely correlated
-1.66%
IYW - FINX
83%
Closely correlated
-1.71%
XLK - FINX
80%
Closely correlated
-1.52%
SOXX - FINX
74%
Closely correlated
-1.85%
SMH - FINX
72%
Closely correlated
-2.00%