FTGC First Trust Global Tact Cmdty Strat ETF Forecast, Technical & Fundamental Analysis
FTGC in upward trend: 10-day moving average crossed above 50-day moving average on November 29, 2024
The 10-day moving average for FTGC crossed bullishly above the 50-day moving average on November 29, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 09, 2024. You may want to consider a long position or call options on FTGC as a result. In of 79 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 FTGC just turned positive on December 05, 2024. Looking at past instances where FTGC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
FTGC moved above its 50-day moving average on December 05, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FTGC advanced for three days, in of 384 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 316 cases where FTGC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where FTGC'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 FTGC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FTGC broke above its upper Bollinger Band on December 10, 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.
General Information
Category CommoditiesBroadBasket
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RERFX | 58.02 | -0.20 | -0.34% |
| American Funds Europacific Growth R5 | |||
| CCCCX | 5.10 | -0.02 | -0.39% |
| Center Coast Brookfield Midstream Foc C | |||
| SGGIX | 92.19 | -0.53 | -0.57% |
| DWS Large Cap Focus Growth Inst | |||
| GQEPX | 24.43 | -0.17 | -0.69% |
| GQG Partners US Select Quality Eq Inv | |||
| BMIDX | 17.40 | -0.16 | -0.92% |
| Brown Advisory Mid-Cap Growth Investor | |||
FTGC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FTGC has been closely correlated with CMDY. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTGC jumps, then CMDY could also see price increases.
| Ticker / NAME | Correlation To FTGC | 1D Price Change % | ||
|---|---|---|---|---|
| FTGC | 100% | -0.57% | ||
| CMDY - FTGC | 94% Closely correlated | -0.41% | ||
| NBCM - FTGC | 94% Closely correlated | -0.73% | ||
| BCD - FTGC | 94% Closely correlated | -0.28% | ||
| COMB - FTGC | 94% Closely correlated | -0.51% | ||
| BCI - FTGC | 94% Closely correlated | -0.54% | ||
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