GNR SPDR® S&P Global Natural Resources ETF Forecast, Technical & Fundamental Analysis
GNR sees MACD Histogram crosses below signal line
GNR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 12, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GNR as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 50-day moving average for GNR moved below the 200-day moving average on December 04, 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 GNR 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 GNR entered a downward trend on November 22, 2024. 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 RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GNR advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
GNR 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 NaturalResources
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GSELX | 68.66 | N/A | N/A |
| Goldman Sachs US Equity Insights Instl | |||
| DHANX | 18.14 | N/A | N/A |
| Centre American Select Equity Instl | |||
| TPYIX | 8.35 | -0.01 | -0.12% |
| Touchstone Sands Capital Intl Gr Eq I | |||
| FNPFX | 68.13 | -0.17 | -0.25% |
| American Funds New Perspective F3 | |||
| BFGBX | 45.54 | -0.18 | -0.39% |
| BlackRock Capital Appreciation K | |||
GNR and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GNR has been closely correlated with HAP. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if GNR jumps, then HAP could also see price increases.
| Ticker / NAME | Correlation To GNR | 1D Price Change % | ||
|---|---|---|---|---|
| GNR | 100% | -0.69% | ||
| HAP - GNR | 97% Closely correlated | -0.55% | ||
| GUNR - GNR | 95% Closely correlated | -0.79% | ||
| FTRI - GNR | 92% Closely correlated | -0.96% | ||
| NANR - GNR | 92% Closely correlated | -0.97% | ||
| MXI - GNR | 88% Closely correlated | -0.33% | ||
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