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GOEX
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
34.43M

GOEX Global X Gold Explorers ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GOEX with price predictions
07:00 PM EST Nov 27, 2023

GOEX's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for GOEX turned positive on November 16, 2023. Looking at past instances where GOEX's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on GOEX as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

GOEX moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GOEX crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 GOEX advanced for three days, in of 293 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 213 cases where GOEX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GOEX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GOEX broke above its upper Bollinger Band on November 28, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Prudential Financial (NYSE:PRU), ANTERO RESOURCES Corp (NYSE:AR), Hecla Mining Company (NYSE:HL), SSR Mining (NASDAQ:SSRM).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Gold Explorers & Developers Total Return Index. The fund invests at least 80% of its total assets in the securities of the index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. The underlying index is a free float-adjusted, liquidity-tested and market capitalization-weighted index that is designed to measure broad-based equity market performance of global companies involved in gold exploration. It is non-diversified.

Market Cap

The average market capitalization across the Global X Gold Explorers ETF ETF is 32.52B. The market cap for tickers in the group ranges from 349.07M to 116.34B. ANTM holds the highest valuation in this group at 116.34B. The lowest valued company is MUX at 349.07M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Gold Explorers ETF ETF was 12%. For the same ETF, the average monthly price growth was 24%, and the average quarterly price growth was 30%. SKE experienced the highest price growth at 13%, while AR experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Global X Gold Explorers ETF ETF was 7%. For the same stocks of the ETF, the average monthly volume growth was 14% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

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

Valuation Rating: 56
P/E Growth Rating: 59
Price Growth Rating: 46
SMR Rating: 74
Profit Risk Rating: 58
Seasonality Score: 3 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category PreciousMetals

Profile
Fundamentals
Details
Category
Equity Precious Metals
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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GOEX and

Correlation & Price change

A.I.dvisor tells us that GOEX and RING have been poorly correlated (+14% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GOEX and RING's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GOEX
1D Price
Change %
GOEX100%
+4.29%
RING - GOEX
14%
Poorly correlated
+5.03%
GDX - GOEX
13%
Poorly correlated
+4.80%
GDXJ - GOEX
11%
Poorly correlated
+4.31%
SIL - GOEX
10%
Poorly correlated
+3.19%
SILJ - GOEX
8%
Poorly correlated
+3.97%
More