GOOX T-Rex 2X Long Alphabet Daily Target ETF Forecast, Technical & Fundamental Analysis
GOOX's Stochastic Oscillator remains in oversold zone for 9 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GOOX advanced for three days, in of 89 cases, the price rose further within the following month. The odds of a continued upward trend are .
GOOX 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 54 cases where GOOX 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 Momentum Indicator moved below the 0 level on February 05, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GOOX as a result. In of 14 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 Moving Average Convergence Divergence Histogram (MACD) for GOOX turned negative on February 05, 2025. 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 9 similar instances when the indicator turned negative. In of the 9 cases the stock turned lower in the days that followed. This puts the odds of success at .
GOOX moved below its 50-day moving average on February 07, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for GOOX crossed bearishly below the 50-day moving average on February 13, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 2 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 GOOX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| FXC | 68.75 | -0.27 | -0.39% |
| Invesco CurrencyShares® Canadian Dollar | |||
| DLN | 81.51 | -0.60 | -0.73% |
| WisdomTree US LargeCap Dividend ETF | |||
| POWA | 83.40 | -0.85 | -1.00% |
| Invesco Bloomberg Pricing Power ETF | |||
| TYLG | 34.22 | -0.70 | -2.02% |
| Global X Information Tch Cvd Cll&Gr ETF | |||
| IHF | 50.34 | -1.82 | -3.49% |
| iShares US Healthcare Providers ETF | |||
GOOX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GOOX has been loosely correlated with UJB. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if GOOX jumps, then UJB could also see price increases.
| Ticker / NAME | Correlation To GOOX | 1D Price Change % | ||
|---|---|---|---|---|
| GOOX | 100% | -4.46% | ||
| UJB - GOOX | 35% Loosely correlated | -0.32% | ||
| RSBT - GOOX | 32% Poorly correlated | -0.93% | ||
| TYD - GOOX | -1% Poorly correlated | +1.56% | ||
| UBT - GOOX | -3% Poorly correlated | +2.28% | ||
| UST - GOOX | -4% Poorly correlated | +1.23% | ||
More | ||||