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MLPX
ETF ticker: NYSE ARCA
AS OF
Dec 20, 04:59 PM (EDT)
Price
$59.47
Change
+$1.00 (+1.71%)
Net Assets
2.28B

MLPX Global X MLP & Energy Infrastructure ETF Forecast, Technical & Fundamental Analysis

Category Energy
MLPX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for MLPX with price predictions
Dec 20, 2024

MLPX's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for MLPX moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In of the 19 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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 MLPX advanced for three days, in of 393 cases, the price rose further within the following month. The odds of a continued upward trend are .

MLPX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 342 cases where MLPX 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 Momentum Indicator moved below the 0 level on December 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MLPX as a result. In of 79 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 MLPX turned negative on December 03, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .

MLPX moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MLPX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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MLPX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published General Information

General Information

Category Energy

Profile
Fundamentals
Details
Category
Energy Limited Partnership
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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MLPX and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, MLPX has been closely correlated with USAI. These tickers have moved in lockstep 96% of the time. This A.I.-generated data suggests there is a high statistical probability that if MLPX jumps, then USAI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MLPX
1D Price
Change %
MLPX100%
+1.93%
USAI - MLPX
96%
Closely correlated
+2.33%
UMI - MLPX
96%
Closely correlated
+2.16%
ENFR - MLPX
96%
Closely correlated
+1.83%
TPYP - MLPX
95%
Closely correlated
+1.59%
ATMP - MLPX
92%
Closely correlated
+1.62%
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