KLXY KraneShares Global Luxury Index ETF Forecast, Technical & Fundamental Analysis

KLXY's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for KLXY turned positive on November 25, 2024. Looking at past instances where KLXY's MACD turned positive, the stock continued to rise in of 10 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 25, 2024. You may want to consider a long position or call options on KLXY as a result. In of 17 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

KLXY moved above its 50-day moving average on December 03, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for KLXY crossed bullishly above the 50-day moving average on December 09, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KLXY advanced for three days, in of 76 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 12 cases where KLXY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Aroon Indicator for KLXY entered a downward trend on December 02, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.