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KLNE
ETF ticker: NYSE ARCA
AS OF
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Price
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Net Assets
3.64M

KLNE Direxion Dl Glbl Clean Ey Bull 2X Shrs Forecast, Technical & Fundamental Analysis

Category Trading
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for KLNE with price predictions
08:00 PM EDT Sep 25, 2023

Momentum Indicator for KLNE turns negative, indicating new downward trend

KLNE saw its Momentum Indicator move below the 0 level on September 05, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator turned negative. In of the 33 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for KLNE turned negative on September 26, 2023. 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 16 similar instances when the indicator turned negative. In of the 16 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 KLNE 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 KLNE entered a downward trend on September 18, 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 demonstrates 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 KLNE advanced for three days, in of 101 cases, the price rose further within the following month. The odds of a continued upward trend are .

KLNE 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

Industry description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the S&P Global Clean Energy Index. The index is designed to track the performance of companies from developed and emerging markets whose economic fortunes are tied to the global clean energy business. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index which provide returns consistent with the objective. It is non-diversified.
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published General Information

General Information

Category Trading

Profile
Fundamentals
Details
Category
Trading--Leveraged Equity
Address
Direxion Shares ETF Trust33 Whitehall Street,10th FloorNew York
Phone
866-476-7523
Web
http://www.direxioninvestments.com/
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KLNE and

Correlation & Price change

A.I.dvisor tells us that KLNE and SOXL have been poorly correlated (+10% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that KLNE and SOXL's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To KLNE
1D Price
Change %
KLNE100%
-3.79%
SOXL - KLNE
10%
Poorly correlated
-5.38%
SPXL - KLNE
3%
Poorly correlated
-4.45%
SSO - KLNE
3%
Poorly correlated
-2.95%
TQQQ - KLNE
3%
Poorly correlated
-4.46%
QLD - KLNE
3%
Poorly correlated
-3.04%