GTEK Goldman Sachs Future Tech Leaders Eq ETF Forecast, Technical & Fundamental Analysis
GTEK sees MACD Histogram just turned negative
GTEK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 18, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 27 instances where the indicator turned negative. In of the 27 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GTEK as a result. In of 46 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for GTEK entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for GTEK's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GTEK advanced for three days, in of 179 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.
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% | -1.13% | ||
| VGT - GTEK | 77% Closely correlated | -1.47% | ||
| IYW - GTEK | 77% Closely correlated | -1.70% | ||
| SOXX - GTEK | 74% Closely correlated | -1.64% | ||
| XLK - GTEK | 74% Closely correlated | -1.57% | ||
| SMH - GTEK | 73% Closely correlated | -1.64% |