GNOM Global X Genomics & Biotechnology ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Genomics Index ("underlying index")... Show more
Momentum Indicator for GNOM turns negative, indicating new downward trend
GNOM saw its Momentum Indicator move below the 0 level on February 20, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for GNOM turned negative on February 24, 2025. 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
GNOM moved below its 50-day moving average on February 21, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GNOM 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 GNOM entered a downward trend on February 13, 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.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, 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 GNOM advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
GNOM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Health
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CNPIX | 78.12 | N/A | N/A |
| Consumer Staples UltraSector ProFund Inv | |||
| CMNWX | 78.65 | N/A | N/A |
| Principal Capital Appreciation A | |||
| THOCX | 36.97 | N/A | N/A |
| Thornburg Global Opportunities C | |||
| ECFGX | 21.99 | N/A | N/A |
| Eaton Vance Focused Growth Opps C | |||
| ADGGX | 22.14 | N/A | N/A |
| American Century Disciplined Growth R5 | |||
GNOM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GNOM has been closely correlated with XBI. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if GNOM jumps, then XBI could also see price increases.
| Ticker / NAME | Correlation To GNOM | 1D Price Change % | ||
|---|---|---|---|---|
| GNOM | 100% | +0.77% | ||
| XBI - GNOM | 89% Closely correlated | -1.30% | ||
| IBB - GNOM | 88% Closely correlated | -1.14% | ||
| VHT - GNOM | 65% Loosely correlated | -0.65% | ||
| XLV - GNOM | 54% Loosely correlated | -0.41% | ||
| IHI - GNOM | 51% Loosely correlated | -1.71% |