MAKX ProShares S&P Kensho Smart Factories ETF Forecast, Technical & Fundamental Analysis
MAKX's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for MAKX turned positive on January 07, 2025. Looking at past instances where MAKX's MACD turned positive, the stock continued to rise in of 28 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 January 06, 2025. You may want to consider a long position or call options on MAKX as a result. In of 56 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Aroon Indicator for MAKX entered a downward trend on January 03, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Technology
MAKX and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, MAKX has been closely correlated with VGT. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if MAKX jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To MAKX | 1D Price Change % | ||
|---|---|---|---|---|
| MAKX | 100% | N/A | ||
| VGT - MAKX | 75% Closely correlated | +1.51% | ||
| SOXX - MAKX | 75% Closely correlated | +2.77% | ||
| CHAT - MAKX | 71% Closely correlated | +1.61% | ||
| CIBR - MAKX | 71% Closely correlated | +0.05% | ||
| SMH - MAKX | 69% Closely correlated | +2.36% | ||
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