NZAC SPDR® MSCI ACWI Climate Paris AlignedETF Forecast, Technical & Fundamental Analysis
NZAC sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for NZAC moved above the 200-day moving average on December 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on NZAC as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NZAC just turned positive on November 02, 2023. Looking at past instances where NZAC's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
NZAC moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NZAC crossed bullishly above the 50-day moving average on November 14, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 NZAC advanced for three days, in of 356 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 365 cases where NZAC 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
NZAC and
Correlation & Price change
A.I.dvisor indicates that over the last year, NZAC has been closely correlated with ACWI. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if NZAC jumps, then ACWI could also see price increases.
| Ticker / NAME | Correlation To NZAC | 1D Price Change % | ||
|---|---|---|---|---|
| NZAC | 100% | -0.40% | ||
| ACWI - NZAC | 97% Closely correlated | -0.62% | ||
| VT - NZAC | 96% Closely correlated | -0.64% | ||
| URTH - NZAC | 96% Closely correlated | -0.61% | ||
| IOO - NZAC | 91% Closely correlated | -0.80% | ||
| ACWV - NZAC | 84% Closely correlated | -0.10% |