GREK in downward trend: price dove below 50-day moving average on August 31, 2023
GREK moved below its 50-day moving average on August 31, 2023 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GREK as a result. In of 80 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 GREK turned negative on September 05, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for GREK crossed bearishly below the 50-day moving average on August 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 GREK 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 GREK entered a downward trend on September 15, 2023. 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where GREK's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where GREK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 GREK advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
GREK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 Miscellaneous
GREK and
Correlation & Price change
A.I.dvisor indicates that over the last year, GREK has been loosely correlated with EWU. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if GREK jumps, then EWU could also see price increases.
| Ticker / NAME | Correlation To GREK | 1D Price Change % | ||
|---|---|---|---|---|
| GREK | 100% | N/A | ||
| EWU - GREK | 34% Loosely correlated | -0.50% | ||
| EWA - GREK | 33% Poorly correlated | -0.09% | ||
| EWY - GREK | 31% Poorly correlated | -0.30% | ||
| EWC - GREK | 31% Poorly correlated | +0.44% | ||
| BBCA - GREK | 31% Poorly correlated | +0.34% |