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GSEW
ETF ticker: BATS
AS OF
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Net Assets
471.73M

GSEW Goldman Sachs Equal Wght US Lg Cp Eq ETF Forecast, Technical & Fundamental Analysis

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

Momentum Indicator for GSEW turns positive, indicating new upward trend

GSEW saw its Momentum Indicator move above the 0 level on November 02, 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 68 similar instances where the indicator turned positive. In of the 68 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 GSEW just turned positive on November 02, 2023. Looking at past instances where GSEW's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

GSEW 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.

The 10-day moving average for GSEW crossed bullishly above the 50-day moving average on November 15, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 GSEW advanced for three days, in of 357 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 368 cases where GSEW 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 demonstrates that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 17 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for GSEW moved below the 200-day moving average on October 27, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GSEW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Eli Lilly & Co (NYSE:LLY), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH).

Industry description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive US Large Cap Equal Weight Index (GTR). 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. The index consists of equity securities of large capitalization U.S. issuers. The index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies.

Market Cap

The average market capitalization across the Goldman Sachs Equal Wght US Lg Cp Eq ETF ETF is 73.82B. The market cap for tickers in the group ranges from 7.99B to 2.96T. AAPL holds the highest valuation in this group at 2.96T. The lowest valued company is LSCC at 7.99B.

High and low price notable news

The average weekly price growth across all stocks in the Goldman Sachs Equal Wght US Lg Cp Eq ETF ETF was 30%. For the same ETF, the average monthly price growth was 89%, and the average quarterly price growth was 120%. NTAP experienced the highest price growth at 15%, while JBL experienced the biggest fall at -12%.

Volume

The average weekly volume growth across all stocks in the Goldman Sachs Equal Wght US Lg Cp Eq ETF ETF was 38%. For the same stocks of the ETF, the average monthly volume growth was 5% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 54
Price Growth Rating: 43
SMR Rating: 55
Profit Risk Rating: 50
Seasonality Score: -7 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

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Goldman Sachs ETF Trust200 West StreetNew York
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GSEW and

Correlation & Price change

A.I.dvisor indicates that over the last year, GSEW has been closely correlated with VTI. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if GSEW jumps, then VTI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GSEW
1D Price
Change %
GSEW100%
+0.46%
VTI - GSEW
93%
Closely correlated
+0.04%
IVV - GSEW
91%
Closely correlated
-0.05%
SPY - GSEW
91%
Closely correlated
-0.07%
VIG - GSEW
91%
Closely correlated
-0.12%
VOO - GSEW
90%
Closely correlated
-0.06%