HTEC Robo Global® Hlthcare Tech & Innovt ETF Forecast, Technical & Fundamental Analysis
HTEC in upward trend: 10-day moving average moved above 50-day moving average on December 02, 2024
The 10-day moving average for HTEC crossed bullishly above the 50-day moving average on December 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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.
HTEC moved above its 50-day moving average on November 25, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HTEC advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for HTEC moved out of overbought territory on December 03, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HTEC as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for HTEC turned negative on December 13, 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HTEC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category Health
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GCLSX | 24.05 | N/A | N/A |
| Goldman Sachs Large Cp Val Insghts Svc | |||
| ENHCX | 10.47 | -0.03 | -0.29% |
| Cullen Enhanced Equity Income C | |||
| HGOFX | 69.33 | -0.63 | -0.90% |
| Hartford Growth Opportunities F | |||
| QASCX | 26.62 | -0.33 | -1.22% |
| Federated Hermes MDT Small Cap Core A | |||
| OWLLX | 11.36 | -0.18 | -1.56% |
| Channing Intrinsic Value Sm-Cp Instl | |||
HTEC and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HTEC has been closely correlated with IBB. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if HTEC jumps, then IBB could also see price increases.
| Ticker / NAME | Correlation To HTEC | 1D Price Change % | ||
|---|---|---|---|---|
| HTEC | 100% | +0.04% | ||
| IBB - HTEC | 72% Closely correlated | +0.34% | ||
| XBI - HTEC | 68% Closely correlated | -0.18% | ||
| IHI - HTEC | 65% Loosely correlated | +0.15% | ||
| VHT - HTEC | 64% Loosely correlated | -0.10% | ||
| XLV - HTEC | 55% Loosely correlated | -0.07% |