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FRNW
ETF ticker: BATS
AS OF
Dec 18, 04:54 PM (EDT)
Price
$13.48
Change
-$0.37 (-2.67%)
Net Assets
25.02M

FRNW stock forecast, quote, news & analysis

FRNW
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
published price charts
A.I.Advisor
a Summary for FRNW with price predictions
Dec 17, 2024

FRNW sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for FRNW moved below the 200-day moving average on November 29, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FRNW as a result. In of 56 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 FRNW turned negative on December 12, 2024. 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 32 similar instances when the indicator turned negative. In of the 32 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where FRNW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

FRNW broke above its upper Bollinger Band on November 27, 2024. 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 FRNW entered a downward trend on December 11, 2024. 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 Stochastic Oscillator demonstrated 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FRNW advanced for three days, in of 148 cases, the price rose further within the following month. The odds of a continued upward trend are .

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Bloom Energy Corp (NYSE:BE), Plug Power (NASDAQ:PLUG), Canadian Solar (NASDAQ:CSIQ).

Industry description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Clean Energy Index℠. The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen and other renewable sources. The fund is non-diversified.

Market Cap

The average market capitalization across the Fidelity Clean Energy ETF ETF is 3.89B. The market cap for tickers in the group ranges from 469.13M to 18.04B. FSLR holds the highest valuation in this group at 18.04B. The lowest valued company is LAND at 469.13M.

High and low price notable news

The average weekly price growth across all stocks in the Fidelity Clean Energy ETF ETF was 2%. For the same ETF, the average monthly price growth was 27%, and the average quarterly price growth was 83%. RNW experienced the highest price growth at 11%, while AMRC experienced the biggest fall at -10%.

Volume

The average weekly volume growth across all stocks in the Fidelity Clean Energy ETF ETF was -4%. For the same stocks of the ETF, the average monthly volume growth was -44% and the average quarterly volume growth was 35%

Fundamental Analysis Ratings

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

Valuation Rating: 72
P/E Growth Rating: 58
Price Growth Rating: 60
SMR Rating: 79
Profit Risk Rating: 83
Seasonality Score: 8 (-100 ... +100)
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FRNW
Daily Signalchanged days ago
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A.I. Advisor
published General Information

General Information

Category MiscellaneousSector

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