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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 .
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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Technology
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.
| Ticker / NAME | Correlation To GTEK | 1D Price Change % | ||
|---|---|---|---|---|
| GTEK | 100% | +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% |