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GSEU
ETF ticker: NYSE ARCA
AS OF
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Net Assets
11.83M

GSEU Goldman Sachs ActiveBeta® Europe Eq ETF Forecast, Technical & Fundamental Analysis

Category EuropeStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GSEU with price predictions
07:00 PM EST Dec 07, 2023

GSEU in upward trend: price rose above 50-day moving average on November 10, 2023

GSEU moved above its 50-day moving average on November 10, 2023 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on GSEU as a result. In of 80 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 GSEU just turned positive on November 01, 2023. Looking at past instances where GSEU'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 .

The 10-day moving average for GSEU 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 15 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 GSEU advanced for three days, in of 365 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 305 cases where GSEU 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 22 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 GSEU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GSEU broke above its upper Bollinger Band on November 14, 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 Merck & Co (NASDAQ:MRK), AstraZeneca PLC (NASDAQ:AZN), Boeing Company (NASDAQ:BA), BP plc (NASDAQ:BP), Allergan plc (NYSE:AGN), Newmont Corp (NASDAQ:NEM), JD.com (NASDAQ:JD), Suncor Energy (NASDAQ:SU), Archer Daniels Midland Company (NASDAQ:ADM), Prudential Financial (NASDAQ:PRU).

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Europe Equity Index (the "index"). The index is designed to deliver exposure to equity securities of developed markets issuers in Europe. The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index.

Market Cap

The average market capitalization across the Goldman Sachs ActiveBeta® Europe Eq ETF ETF is 29.73B. The market cap for tickers in the group ranges from 64.65K to 273.98B. ASML holds the highest valuation in this group at 273.98B. The lowest valued company is BAYN at 64.65K.

High and low price notable news

The average weekly price growth across all stocks in the Goldman Sachs ActiveBeta® Europe Eq ETF ETF was 0%. For the same ETF, the average monthly price growth was 7%, and the average quarterly price growth was 5%. CHR experienced the highest price growth at 18%, while ASM experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Goldman Sachs ActiveBeta® Europe Eq ETF ETF was -22%. For the same stocks of the ETF, the average monthly volume growth was -11% and the average quarterly volume growth was 1%

Fundamental Analysis Ratings

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

Valuation Rating: 52
P/E Growth Rating: 52
Price Growth Rating: 52
SMR Rating: 65
Profit Risk Rating: 66
Seasonality Score: 25 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category EuropeStock

Profile
Fundamentals
Details
Category
Europe Stock
Address
Goldman Sachs ETF Trust200 West StreetNew York
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GSEU and

Correlation & Price change

A.I.dvisor tells us that GSEU and IEV have been poorly correlated (+3% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that GSEU and IEV's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GSEU
1D Price
Change %
GSEU100%
+0.54%
IEV - GSEU
3%
Poorly correlated
+0.53%
FEZ - GSEU
-1%
Poorly correlated
+0.80%
BBEU - GSEU
-2%
Poorly correlated
+0.46%
IEUR - GSEU
-2%
Poorly correlated
+0.51%
EZU - GSEU
-3%
Poorly correlated
+0.74%
More