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GNR
ETF ticker: NYSE ARCA
AS OF
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Net Assets
3.54B

GNR SPDR® S&P Global Natural Resources ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GNR with price predictions
08:00 PM EDT Oct 02, 2023

Momentum Indicator for GNR turns negative, indicating new downward trend

GNR saw its Momentum Indicator move below the 0 level on September 25, 2023. 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 76 similar instances where the indicator turned negative. In of the 76 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for GNR turned negative on September 22, 2023. 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

GNR moved below its 50-day moving average on September 29, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GNR crossed bearishly below the 50-day moving average on September 29, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 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 .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.

The 50-day moving average for GNR moved above the 200-day moving average on September 15, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GNR advanced for three days, in of 338 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.

The Aroon Indicator entered an Uptrend today. In of 293 cases where GNR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), BHP Group Limited (NYSE:BHP), ConocoPhillips (NYSE:COP), BP plc (NYSE:BP), Petroleo Brasileiro Sa-Petrobras ADS (REP 1 Common Share) (NYSE:PBR), Schlumberger Limited (NYSE:SLB), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), MARATHON PETROLEUM Corp (NYSE:MPC).

Industry description

The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Global Natural Resources Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is comprised of 90 of the largest U.S. and foreign publicly-traded companies, based on market capitalization, in natural resources and commodities businesses that meet certain investability requirements.

Market Cap

The average market capitalization across the SPDR® S&P Global Natural Resources ETF ETF is 54.83B. The market cap for tickers in the group ranges from 4.15M to 461.76B. XOM holds the highest valuation in this group at 461.76B. The lowest valued company is SIGN at 4.15M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P Global Natural Resources ETF ETF was 6%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 58%. STLD experienced the highest price growth at 4%, while NEM experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P Global Natural Resources ETF ETF was 11%. For the same stocks of the ETF, the average monthly volume growth was 0% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 41
P/E Growth Rating: 48
Price Growth Rating: 50
SMR Rating: 49
Profit Risk Rating: 52
Seasonality Score: 31 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Category NaturalResources

Profile
Fundamentals
Details
Category
Natural Resources
Address
SPDR Index Shares FundsOne Lincoln Street,Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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GNR and

Correlation & Price change

A.I.dvisor indicates that over the last year, GNR has been closely correlated with GUNR. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if GNR jumps, then GUNR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GNR
1D Price
Change %
GNR100%
-1.21%
GUNR - GNR
99%
Closely correlated
-1.19%
NANR - GNR
94%
Closely correlated
-0.52%
FTRI - GNR
94%
Closely correlated
-1.59%
NDIV - GNR
93%
Closely correlated
-0.87%
HAP - GNR
92%
Closely correlated
-1.02%
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