NORW Global X MSCI Norway ETF Forecast, Technical & Fundamental Analysis
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index... Show more
NORW's Stochastic Oscillator ascends into overbought zone
The Stochastic Oscillator for NORW moved into overbought territory on June 04, 2025. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for NORW moved out of overbought territory on June 03, 2025. 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 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NORW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NORW broke above its upper Bollinger Band on May 20, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The 10-day moving average for NORW crossed bullishly above the 50-day moving average on April 29, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 20 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 NORW advanced for three days, in of 348 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 282 cases where NORW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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General Information
Category Miscellaneous
NORW and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, NORW has been closely correlated with BBCA. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if NORW jumps, then BBCA could also see price increases.
| Ticker / NAME | Correlation To NORW | 1D Price Change % | ||
|---|---|---|---|---|
| NORW | 100% | +0.51% | ||
| BBCA - NORW | 75% Closely correlated | -0.16% | ||
| EWG - NORW | 71% Closely correlated | +0.28% | ||
| EWU - NORW | 66% Loosely correlated | +0.32% | ||
| EWA - NORW | 61% Loosely correlated | +1.00% | ||
| EWC - NORW | 59% Loosely correlated | -0.20% | ||
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