GRID First Trust NASDAQ® Cln Edge®StGidIfsETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Nasdaq Clean Edge Smart Grid Infrastructure Index TM... Show more
GRID's RSI Oscillator recovers from oversold territory
The RSI Indicator for GRID moved out of oversold territory on April 09, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 15 similar instances when the indicator left oversold territory. In of the 15 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 17, 2025. You may want to consider a long position or call options on GRID as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GRID just turned positive on April 14, 2025. Looking at past instances where GRID's MACD turned positive, the stock continued to rise in of 47 cases 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 GRID advanced for three days, in of 358 cases, the price rose further within the following month. The odds of a continued upward trend are .
GRID may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 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 GRID 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 GRID entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Industrials
GRID and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GRID has been closely correlated with OCEN. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if GRID jumps, then OCEN could also see price increases.
| Ticker / NAME | Correlation To GRID | 1D Price Change % | ||
|---|---|---|---|---|
| GRID | 100% | +0.88% | ||
| OCEN - GRID | 91% Closely correlated | N/A | ||
| PAVE - GRID | 85% Closely correlated | +1.85% | ||
| XT - GRID | 85% Closely correlated | +1.70% | ||
| DRIV - GRID | 83% Closely correlated | +2.57% | ||
| BOTZ - GRID | 80% Closely correlated | +3.04% | ||
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