GNR SPDR® S&P Global Natural Resources ETF Forecast, Technical & Fundamental Analysis
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 .
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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category NaturalResources
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| TAGS | 30.55 | -0.21 | -0.70% |
| Teucrium Agricultural ETF | |||
| OCTW | 30.84 | -0.23 | -0.74% |
| AllianzIM US Large Cap Buffer20 Oct ETF | |||
| FTA | 63.09 | -0.71 | -1.11% |
| First Trust Large Cap Val AlphaDEX® ETF | |||
| SPXX | 14.64 | -0.20 | -1.35% |
| Nuveen S&P 500 Dynamic Overwrite Fund | |||
| CONL | 9.66 | -0.61 | -5.94% |
| GraniteShares 1.5x Long COIN Daily ETF | |||
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.
| Ticker / NAME | Correlation To GNR | 1D Price Change % | ||
|---|---|---|---|---|
| GNR | 100% | -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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