GSEE Stock Goldman Sachs MarketBeta Emer Mkt Eq ETF (GSEE, $45.86) price may drop as it broke higher Bollinger Band on Dec 04, 2024

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GSEE - Goldman Sachs MarketBeta Emer Mkt Eq ETF

Bollinger signal

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Odds of DOWN Trend

Price: $45.86

Daily change: +$0.46 (+1.02%)

Daily volume: 50.4K

Net Assets: $110.3M

GSEE's Indicator enters downward trend

The Aroon Indicator for GSEE entered a downward trend on November 18, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 169 similar instances where the Aroon Indicator formed such a pattern. In of the 169 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

GSEE moved below its 50-day moving average on November 08, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GSEE crossed bearishly below the 50-day moving average on November 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

GSEE broke above its upper Bollinger Band on December 04, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on GSEE as a result. In of 83 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 GSEE just turned positive on December 03, 2024. Looking at past instances where GSEE's MACD turned positive, the stock continued to rise in of 42 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 GSEE advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .