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
GNOM's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for GNOM turned positive on May 19, 2025. Looking at past instances where GNOM's MACD turned positive, the stock continued to rise in of 51 cases 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 May 20, 2025. You may want to consider a long position or call options on GNOM as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 GNOM advanced for three days, in of 276 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where GNOM'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 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 May 23, 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.
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General Information
Category Health
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% | +0.26% | ||
| XBI - GNOM | 89% Closely correlated | -0.37% | ||
| IBB - GNOM | 88% Closely correlated | -0.14% | ||
| VHT - GNOM | 65% Loosely correlated | -0.19% | ||
| XLV - GNOM | 54% Loosely correlated | -0.16% | ||
| IHI - GNOM | 51% Loosely correlated | -0.99% |