GXG Stock Global X MSCI Colombia ETF (GXG, $22.82) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 12, 2024

GET DAILY SIGNALS

Get AI intraday signals

GXG - Global X MSCI Colombia ETF

MACD signal

View

Odds of DOWN Trend

Price: $22.82

Daily change: -$0.31 (-1.32%)

Daily volume: 12.1K

Net Assets: $35.7M

GXG in -3.14% downward trend, sliding for three consecutive days on November 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where GXG declined for three days, in of 324 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for GXG turned negative on November 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

GXG moved below its 50-day moving average on November 08, 2024 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Momentum Indicator moved above the 0 level on November 15, 2024. You may want to consider a long position or call options on GXG as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 GXG advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

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