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GTEK
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
158.89M

GTEK Price Prediction, Goldman Sachs Future Tech Leaders Eq ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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

GTEK in upward trend: price rose above 50-day moving average on November 07, 2023

GTEK moved above its 50-day moving average on November 07, 2023 date and that indicates a change from a downward trend to an upward trend. In of 17 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 03, 2023. You may want to consider a long position or call options on GTEK as a result. In of 47 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 GTEK just turned positive on November 02, 2023. Looking at past instances where GTEK's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for GTEK 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 9 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 GTEK advanced for three days, in of 192 cases, the price rose further within the following month. The odds of a continued upward trend are .

GTEK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 99 cases where GTEK 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 10 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 GTEK moved below the 200-day moving average on October 24, 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 GTEK 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 Shopify (NYSE:SHOP), Analog Devices (NASDAQ:ADI), Palo Alto Networks (NASDAQ:PANW), Micron Technology (NASDAQ:MU), KLA Corp (NASDAQ:KLAC), Arista Networks (NYSE:ANET), Workday (NASDAQ:WDAY), Marvell Technology (NASDAQ:MRVL), Atlassian Corp (NASDAQ:TEAM), Electronic Arts (NASDAQ:EA).

Industry description

The investment seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity investments in U.S. and non-U.S. technology companies. The fund adviser seeks to achieve the fund's investment objective by investing in technology companies that the adviser believes are driving technological innovation or benefitting from the enablement of technology, and have the potential to grow their business over many years. The fund is non-diversified.

Market Cap

The average market capitalization across the Goldman Sachs Future Tech Leaders Eq ETF ETF is 33.03B. The market cap for tickers in the group ranges from 62.75M to 94.77B. SHOP holds the highest valuation in this group at 94.77B. The lowest valued company is ASM at 62.75M.

High and low price notable news

The average weekly price growth across all stocks in the Goldman Sachs Future Tech Leaders Eq ETF ETF was 32%. For the same ETF, the average monthly price growth was 92%, and the average quarterly price growth was 115%. WDAY experienced the highest price growth at 12%, while MBLY experienced the biggest fall at -5%.

Volume

The average weekly volume growth across all stocks in the Goldman Sachs Future Tech Leaders Eq ETF ETF was 67%. For the same stocks of the ETF, the average monthly volume growth was 20% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

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

Valuation Rating: 72
P/E Growth Rating: 66
Price Growth Rating: 41
SMR Rating: 68
Profit Risk Rating: 57
Seasonality Score: -2 (-100 ... +100)
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General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
Goldman Sachs ETF Trust200 West StreetNew York
Phone
N/A
Web
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GTEK and

Correlation & Price change

A.I.dvisor indicates that over the last year, GTEK has been closely correlated with VGT. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if GTEK jumps, then VGT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To GTEK
1D Price
Change %
GTEK100%
+1.39%
VGT - GTEK
77%
Closely correlated
+0.39%
IYW - GTEK
77%
Closely correlated
+0.13%
SOXX - GTEK
74%
Closely correlated
+1.08%
XLK - GTEK
74%
Closely correlated
+0.08%
SMH - GTEK
73%
Closely correlated
+0.92%