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FNGO
ETF ticker: NYSE ARCA
AS OF
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Net Assets
205.3M

FNGO MicroSectors™ FANG+™ 2X Leveraged ETN Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for FNGO with price predictions
07:00 PM EST Dec 03, 2023

FNGO in -3.50% downward trend, falling for three consecutive days on December 04, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FNGO declined for three days, in of 258 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for FNGO moved out of overbought territory on November 29, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where FNGO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FNGO as a result. In of 73 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 FNGO turned negative on December 01, 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

Bullish Trend Analysis

FNGO moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FNGO crossed bullishly above the 50-day moving average on November 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FNGO advanced for three days, in of 379 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 377 cases where FNGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Netflix (NASDAQ:NFLX), Alibaba Group Holding Limited (NYSE:BABA), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR).

Industry description

The investment seeks to approximate the returns that might be available to investors through a leveraged “long” investment in the NYSE FANG+™ Index (the index). The notes are senior unsecured medium-term notes issued by Bank of Montreal with a return linked to a 2X leveraged participation in the performance of the index, compounded daily, less a Daily Investor Fee, the Daily Financing Charge and, if applicable, the Redemption Fee Amount. The index is an equal-dollar weighted index designed to represent a segment of the technology and consumer discretionary sectors consisting of highly-traded growth stocks of technology and tech-enabled companies.

Market Cap

The average market capitalization across the MicroSectors™ FANG+™ 2X Leveraged ETN ETF is 1.1T. The market cap for tickers in the group ranges from 40.83B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is TWTR at 40.83B.

High and low price notable news

The average weekly price growth across all stocks in the MicroSectors™ FANG+™ 2X Leveraged ETN ETF was -4%. For the same ETF, the average monthly price growth was 12%, and the average quarterly price growth was 18%. AAPL experienced the highest price growth at -0%, while BIDU experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the MicroSectors™ FANG+™ 2X Leveraged ETN ETF was -46%. For the same stocks of the ETF, the average monthly volume growth was -51% and the average quarterly volume growth was -66%

Fundamental Analysis Ratings

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

Valuation Rating: 79
P/E Growth Rating: 48
Price Growth Rating: 40
SMR Rating: 46
Profit Risk Rating: 50
Seasonality Score: 36 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Trading

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Fundamentals
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Category
Trading--Leveraged Equity
Address
100 King Street West, 1 First Canadian PlaceToronto, Ontario, M5X 1A1.Toronto
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FNGO and

Correlation & Price change

A.I.dvisor indicates that over the last year, FNGO has been closely correlated with TQQQ. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNGO jumps, then TQQQ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FNGO
1D Price
Change %
FNGO100%
-2.56%
TQQQ - FNGO
86%
Closely correlated
-2.85%
QLD - FNGO
86%
Closely correlated
-1.94%
SOXL - FNGO
73%
Closely correlated
-3.38%
SSO - FNGO
71%
Closely correlated
-1.06%
SPXL - FNGO
71%
Closely correlated
-1.51%