ONOF Global X Adaptive US Risk Management ETF Forecast, Technical & Fundamental Analysis
ONOF's RSI Oscillator ascends from oversold territory
The RSI Oscillator for ONOF moved out of oversold territory on October 30, 2023. 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 10 similar instances when the indicator left oversold territory. In of the 10 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 08, 2023. You may want to consider a long position or call options on ONOF as a result. In of 45 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 ONOF just turned positive on November 06, 2023. Looking at past instances where ONOF's MACD turned positive, the stock continued to rise in of 25 cases over the following month. The odds of a continued upward trend are .
ONOF moved above its 50-day moving average on November 22, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ONOF crossed bullishly above the 50-day moving average on November 29, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 ONOF advanced for three days, in of 168 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 193 cases where ONOF 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ONOF declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ONOF broke above its upper Bollinger Band on November 22, 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)
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High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
ONOF and
Correlation & Price change
A.I.dvisor tells us that ONOF and VIG have been poorly correlated (+-8% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ONOF and VIG's prices will move in lockstep.
| Ticker / NAME | Correlation To ONOF | 1D Price Change % | ||
|---|---|---|---|---|
| ONOF | 100% | -0.18% | ||
| VIG - ONOF | -8% Poorly correlated | +0.84% | ||
| VOO - ONOF | -9% Poorly correlated | +0.34% | ||
| VTI - ONOF | -9% Poorly correlated | +0.40% | ||
| SPY - ONOF | -10% Poorly correlated | +0.36% | ||
| IVV - ONOF | -10% Poorly correlated | +0.35% |