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GTEK
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
246.39M

GTEK Goldman Sachs Future Tech Leaders Eq ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for GTEK with price predictions
08:00 PM EDT Sep 19, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are SERVICENOW (NYSE:NOW), Micron Technology (NASDAQ:MU), Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY), KLA Corp (NASDAQ:KLAC), Arista Networks (NYSE:ANET), Atlassian Corp (NASDAQ:TEAM), Marvell Technology (NASDAQ:MRVL), Trade Desk (The) (NASDAQ:TTD), 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 30.76B. The market cap for tickers in the group ranges from 75.87M to 116.39B. NOW holds the highest valuation in this group at 116.39B. The lowest valued company is ASM at 75.87M.

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 -3%. For the same ETF, the average monthly price growth was -1%, and the average quarterly price growth was 4%. MBLY experienced the highest price growth at 14%, while TTD experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Goldman Sachs Future Tech Leaders Eq ETF ETF was 5%. For the same stocks of the ETF, the average monthly volume growth was -13% and the average quarterly volume growth was -13%

Fundamental Analysis Ratings

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

Valuation Rating: 73
P/E Growth Rating: 68
Price Growth Rating: 47
SMR Rating: 68
Profit Risk Rating: 61
Seasonality Score: -47 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
Goldman Sachs ETF Trust200 West StreetNew York
Phone
N/A
Web
N/A
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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%
-1.13%
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%