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GIGB
ETF ticker:
NYSE ARCA
AS OF
Aug 5 closing price
Price
$46.90
Change
-$0.56 (-1.18%)
Net Assets
615.35M

GIGB Price Prediction, Goldman Sachs Acss Invmt Grd Corp Bd ETF AI Recommendations

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12:00 AM EDT Aug 05, 2022

GIGB in upward trend: 10-day moving average broke above 50-day moving average on July 20, 2022

The 10-day moving average for GIGB crossed bullishly above the 50-day moving average on July 20, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 11 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 64%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for GIGB just turned positive on June 29, 2022. Looking at past instances where GIGB's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .

GIGB moved above its 50-day moving average on July 15, 2022 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 GIGB advanced for three days, in of 360 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 359 cases where GIGB 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 GIGB moved out of overbought territory on August 02, 2022. 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 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 73 cases where GIGB'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 August 05, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on GIGB as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

GIGB broke above its upper Bollinger Band on July 28, 2022. 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)

Fear & Greed
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published Highlights

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Goldman Sachs Investment Grade Corporate Bond Index (the "index"). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index is a rules-based index that is designed to measure the performance of investment grade, corporate bonds denominated in U.S. dollars ("USD") that meet certain liquidity and fundamental screening criteria.
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published General Information

General Information

Category IntermediateTermBond

Profile
Fundamentals
Details
Category
Corporate Bond
Address
Goldman Sachs ETF Trust200 West StreetNew York
Phone
N/A
Web
N/A

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GIGB and

Correlation & Price change

A.I.dvisor indicates that over the last year, GIGB has been closely correlated with LQD. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if GIGB jumps, then LQD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GIGB
1D Price
Change %
GIGB100%
-1.14%
LQD - GIGB
93%
Closely correlated
-1.35%
IGIB - GIGB
92%
Closely correlated
-1.14%
USIG - GIGB
92%
Closely correlated
-1.12%
VCIT - GIGB
91%
Closely correlated
-0.99%
SPIB - GIGB
90%
Closely correlated
-0.81%