HERO Global X Video Games & Esports ETF Forecast, Technical & Fundamental Analysis
HERO in downward trend: 10-day moving average broke below 50-day moving average on January 06, 2025
The 10-day moving average for HERO crossed bearishly below the 50-day moving average on January 06, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where HERO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
HERO moved below its 50-day moving average on January 07, 2025 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 HERO 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 HERO 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
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HERO advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Communications
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| RYIIX | 148.50 | 1.43 | +0.97% |
| Rydex Internet Inv | |||
| MECVX | 15.01 | 0.06 | +0.40% |
| NYLI Epoch Capital Growth Investor Class | |||
| TVRRX | 86.78 | 0.15 | +0.17% |
| Thornburg Small/Mid Cap Core R5 | |||
| SMVTX | 12.44 | N/A | N/A |
| Virtus Ceredex Mid-Cap Value Equity I | |||
| DFGEX | 10.15 | -0.01 | -0.10% |
| DFA Global Real Estate Securities Port | |||
HERO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HERO has been closely correlated with ESPO. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if HERO jumps, then ESPO could also see price increases.
| Ticker / NAME | Correlation To HERO | 1D Price Change % | ||
|---|---|---|---|---|
| HERO | 100% | -0.71% | ||
| ESPO - HERO | 82% Closely correlated | +0.53% | ||
| VGT - HERO | 70% Closely correlated | +1.51% | ||
| IYW - HERO | 70% Closely correlated | +1.61% | ||
| XLK - HERO | 68% Closely correlated | +1.57% | ||
| SOXX - HERO | 67% Closely correlated | +2.77% | ||
More | ||||