FTXG First Trust Nasdaq Food & Beverage ETF Forecast, Technical & Fundamental Analysis
FTXG's RSI Oscillator is staying in oversold zone for 2 days
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
FTXG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 50-day moving average for FTXG moved below the 200-day moving average on December 24, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FTXG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FTXG entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category ConsumerStaples
FTXG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, FTXG has been closely correlated with IYK. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTXG jumps, then IYK could also see price increases.
| Ticker / NAME | Correlation To FTXG | 1D Price Change % | ||
|---|---|---|---|---|
| FTXG | 100% | +0.49% | ||
| IYK - FTXG | 89% Closely correlated | +0.54% | ||
| FSTA - FTXG | 84% Closely correlated | +0.68% | ||
| VDC - FTXG | 84% Closely correlated | +0.69% | ||
| XLP - FTXG | 81% Closely correlated | +0.57% | ||
| KXI - FTXG | 78% Closely correlated | +0.73% |