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NORW
ETF ticker: NYSE ARCA
AS OF
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Net Assets
49.31M

NORW Global X MSCI Norway ETF Forecast, Technical & Fundamental Analysis

Category Miscellaneous
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NORW with price predictions
07:00 PM EST Dec 06, 2023

NORW in upward trend: 10-day moving average broke above 50-day moving average on November 21, 2023

The 10-day moving average for NORW crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

NORW moved above its 50-day moving average on December 07, 2023 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 NORW advanced for three days, in of 324 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 256 cases where NORW 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 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NORW as a result. In of 101 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 NORW turned negative on December 05, 2023. 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 51 similar instances when the indicator turned negative. In of the 51 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 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 November 20, 2023. 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

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. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Norway equity universe. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X MSCI Norway ETF ETF is 11.66B. The market cap for tickers in the group ranges from 15.79M to 96.27B. EQNR holds the highest valuation in this group at 96.27B. The lowest valued company is SALM at 15.79M.

High and low price notable news

The average weekly price growth across all stocks in the Global X MSCI Norway ETF ETF was 1%. For the same ETF, the average monthly price growth was 35%, and the average quarterly price growth was 45%. SCHA experienced the highest price growth at 3%, while BORR experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Global X MSCI Norway ETF ETF was -40%. For the same stocks of the ETF, the average monthly volume growth was -8% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 39
P/E Growth Rating: 47
Price Growth Rating: 50
SMR Rating: 65
Profit Risk Rating: 55
Seasonality Score: -1 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Miscellaneous

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Fundamentals
Details
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Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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NORW and

Correlation & Price change

A.I.dvisor indicates that over the last year, NORW has been loosely correlated with EWC. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if NORW jumps, then EWC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NORW
1D Price
Change %
NORW100%
+0.84%
EWC - NORW
35%
Loosely correlated
-0.06%
BBCA - NORW
35%
Loosely correlated
-0.07%
EWA - NORW
34%
Loosely correlated
+0.89%
EWU - NORW
32%
Poorly correlated
+0.56%
EWY - NORW
22%
Poorly correlated
+1.08%