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GREK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
180.12M

GREK Global X MSCI Greece ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GREK with price predictions
08:00 PM EDT Sep 24, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Greece equity universe. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X MSCI Greece ETF ETF is 5.87B. The market cap for tickers in the group ranges from 279.18M to 38.13B. ETE holds the highest valuation in this group at 38.13B. The lowest valued company is CPLP at 279.18M.

High and low price notable news

The average weekly price growth across all stocks in the Global X MSCI Greece ETF ETF was -3%. For the same ETF, the average monthly price growth was -9%, and the average quarterly price growth was 15%. MOH experienced the highest price growth at 4%, while PPC experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Global X MSCI Greece ETF ETF was -15%. For the same stocks of the ETF, the average monthly volume growth was 5% and the average quarterly volume growth was 8%

Fundamental Analysis Ratings

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

Valuation Rating: 42
P/E Growth Rating: 49
Price Growth Rating: 44
SMR Rating: 52
Profit Risk Rating: 37
Seasonality Score: -16 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

Profile
Fundamentals
Details
Category
Miscellaneous Region
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GREK
1D Price
Change %
GREK100%
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%