FTXG First Trust Nasdaq Food & Beverage ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for FTXG turns positive, indicating new upward trend
FTXG saw its Momentum Indicator move above the 0 level on November 30, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 96 similar instances where the indicator turned positive. In of the 96 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
FTXG moved above its 50-day moving average on November 13, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FTXG crossed bullishly above the 50-day moving average on November 15, 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 FTXG advanced for three days, in of 312 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 310 cases where FTXG 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 10-day RSI Indicator for FTXG moved out of overbought territory on November 27, 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 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 68 cases where FTXG'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 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 .
FTXG broke above its upper Bollinger Band on November 22, 2023. 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ConsumerStaples
FTXG and
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 90% 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% | +1.33% | ||
| IYK - FTXG | 90% Closely correlated | +1.21% | ||
| FSTA - FTXG | 88% Closely correlated | +1.02% | ||
| VDC - FTXG | 87% Closely correlated | +0.94% | ||
| XLP - FTXG | 87% Closely correlated | +0.97% | ||
| KXI - FTXG | 81% Closely correlated | +0.77% |