KNCT Invesco Next Gen Connectivity ETF Forecast, Technical & Fundamental Analysis
KNCT's Stochastic Oscillator stays in oversold zone for 4 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
KNCT moved above its 50-day moving average on November 22, 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 KNCT advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 332 cases where KNCT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for KNCT moved out of overbought territory on December 09, 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 42 similar instances where the indicator moved out of overbought territory. In of the 42 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 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on KNCT as a result. In of 85 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 KNCT turned negative on December 11, 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 44 similar instances when the indicator turned negative. In of the 44 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 KNCT 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 Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GAKAX | 10.54 | 0.01 | +0.09% |
| AXS Merger Fd Investor | |||
| MXMSX | 12.32 | N/A | N/A |
| Empower Small Cap Growth Instl | |||
| WBIRX | 30.19 | -0.04 | -0.13% |
| William Blair International Growth R6 | |||
| BBMIX | 12.32 | -0.06 | -0.48% |
| BBH Select Series - Mid Cap I | |||
| HFQTX | 6.06 | -0.04 | -0.66% |
| Janus Henderson Global Equity Income T | |||
KNCT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, KNCT has been closely correlated with CHAT. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if KNCT jumps, then CHAT could also see price increases.
| Ticker / NAME | Correlation To KNCT | 1D Price Change % | ||
|---|---|---|---|---|
| KNCT | 100% | N/A | ||
| CHAT - KNCT | 85% Closely correlated | -1.65% | ||
| CIBR - KNCT | 77% Closely correlated | -1.12% | ||
| WUCT - KNCT | 42% Loosely correlated | N/A | ||
| IYW - KNCT | 15% Poorly correlated | -0.60% | ||
| VGT - KNCT | 14% Poorly correlated | -0.62% | ||
More | ||||