GXC sees MACD Histogram just turned negative
GXC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 31, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 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 January 02, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GXC as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
GXC moved below its 50-day moving average on December 27, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GXC 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 GXC entered a downward trend on January 08, 2025. 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 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 GXC advanced for three days, in of 273 cases, the price rose further within the following month. The odds of a continued upward trend are .
GXC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category PacificAsiaexJapanStk
GXC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GXC has been closely correlated with MCHI. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if GXC jumps, then MCHI could also see price increases.
| Ticker / NAME | Correlation To GXC | 1D Price Change % | ||
|---|---|---|---|---|
| GXC | 100% | +1.78% | ||
| MCHI - GXC | 99% Closely correlated | +2.05% | ||
| FXI - GXC | 95% Closely correlated | +1.94% | ||
| CQQQ - GXC | 94% Closely correlated | +2.72% | ||
| KWEB - GXC | 94% Closely correlated | +3.05% | ||
| ASHR - GXC | 91% Closely correlated | +1.29% | ||
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