KROP Global X AgTech & Food Innovation ETF Forecast, Technical & Fundamental Analysis
KROP in +1.87% Uptrend, rising for three consecutive days on September 15, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where KROP advanced for three days, in of 116 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where KROP's RSI Oscillator exited the oversold zone, of 14 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 30 cases where KROP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for KROP just turned positive on August 30, 2023. Looking at past instances where KROP's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .
KROP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on KROP as a result. In of 38 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KROP 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 KROP entered a downward trend on September 05, 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.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
KROP and
Correlation & Price change
A.I.dvisor indicates that over the last year, KROP has been closely correlated with PSP. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if KROP jumps, then PSP could also see price increases.
| Ticker / NAME | Correlation To KROP | 1D Price Change % | ||
|---|---|---|---|---|
| KROP | 100% | +0.18% | ||
| PSP - KROP | 70% Closely correlated | -0.39% | ||
| ROBO - KROP | 67% Closely correlated | -1.04% | ||
| SDIV - KROP | 66% Loosely correlated | +0.18% | ||
| INFL - KROP | 64% Loosely correlated | +0.03% | ||
| GGZ - KROP | 63% Loosely correlated | -0.45% |