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ONOF
ETF ticker: NYSE ARCA
AS OF
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Net Assets
93.87M

ONOF Global X Adaptive US Risk Management ETF Forecast, Technical & Fundamental Analysis

Category LargeBlend
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ONOF with price predictions
07:00 PM EST Nov 29, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are VMware (NASDAQ:VMW).

Industry description

The investment seeks investment results that correspond generally to the price and yield performance of the Adaptive Wealth Strategies U.S. Risk Management Index. The fund invests at least 80% of its total assets in the securities of the index or in investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities, either individually or in the aggregate. The index is designed to dynamically allocate between either 100% exposure to the Solactive GBS United States 500 Index TR or 100% exposure to U.S. treasury position. It is non-diversified.

Market Cap

The average market capitalization across the Global X Adaptive US Risk Management ETF ETF is 99.34B. The market cap for tickers in the group ranges from 64.73B to 64.73B. VMW holds the highest valuation in this group at 64.73B. The lowest valued company is VMW at 64.73B.

High and low price notable news

The average weekly price growth across all stocks in the Global X Adaptive US Risk Management ETF ETF was -0%. For the same ETF, the average monthly price growth was 2%, and the average quarterly price growth was 0%. VMW experienced the highest price growth at 0%, while VMW experienced the biggest fall at 0%.

Volume

The average weekly volume growth across all stocks in the Global X Adaptive US Risk Management ETF ETF was -27%. For the same stocks of the ETF, the average monthly volume growth was -46% and the average quarterly volume growth was -49%

Fundamental Analysis Ratings

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

Valuation Rating: 62
P/E Growth Rating: 53
Price Growth Rating: 43
SMR Rating: 54
Profit Risk Rating: 50
Seasonality Score: -7 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
Global X Funds600 Lexington Avenue, 20th FloorNew York
Phone
+1 8884938631
Web
www.globalxfunds.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ONOF
1D Price
Change %
ONOF100%
-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%