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GRNR
ETF ticker: NASDAQ
AS OF
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Net Assets
2.14M

GRNR Global X Green Building ETF Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GRNR with price predictions
07:00 PM EST Nov 28, 2023

Momentum Indicator for GRNR turns positive, indicating new upward trend

GRNR saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator turned positive. In of the 24 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for GRNR just turned positive on October 31, 2023. Looking at past instances where GRNR's MACD turned positive, the stock continued to rise in of 9 cases over the following month. The odds of a continued upward trend are .

GRNR 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 GRNR 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 4 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 GRNR advanced for three days, in of 85 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 60 cases where GRNR 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 10-day RSI Indicator for GRNR moved out of overbought territory on November 15, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 8 similar instances where the indicator moved out of overbought territory. In of the 8 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 10 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 GRNR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GRNR broke above its upper Bollinger Band on November 03, 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 Owens Corning (NYSE:OC), KB Home (NYSE:KBH).

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 Green Building Index。. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the index and in ADRs and GDRs based on the securities in the index. The index is designed to provide exposure to companies that are positioned to benefit from increased demand for buildings that reduce or eliminate negative impacts, and/or create positive impacts, on the natural environment (“Green Building”). The fund is non-diversified.

Market Cap

The average market capitalization across the Global X Green Building ETF ETF is 9.07B. The market cap for tickers in the group ranges from 36.1M to 51.42B. TT holds the highest valuation in this group at 51.42B. The lowest valued company is ICAD at 36.1M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Green Building ETF ETF was 25%. For the same ETF, the average monthly price growth was 42%, and the average quarterly price growth was 70%. ICAD experienced the highest price growth at 19%, while LI experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Global X Green Building ETF ETF was 107%. For the same stocks of the ETF, the average monthly volume growth was 7% and the average quarterly volume growth was -17%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 46
Price Growth Rating: 44
SMR Rating: 66
Profit Risk Rating: 70
Seasonality Score: 0 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category GlobalRealEstate

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

Correlation & Price change

A.I.dvisor indicates that over the last year, GRNR has been closely correlated with HAUZ. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if GRNR jumps, then HAUZ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GRNR
1D Price
Change %
GRNR100%
+0.47%
HAUZ - GRNR
90%
Closely correlated
+0.49%
VNQI - GRNR
84%
Closely correlated
+0.02%
RWO - GRNR
83%
Closely correlated
+0.35%
REET - GRNR
83%
Closely correlated
+0.59%
IGR - GRNR
60%
Loosely correlated
+1.32%