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PAVE
ETF ticker:
BATS
AS OF
May 26 closing price
Price
$25.54
Change
+$0.56 (+2.24%)
Net Assets
4.25B

PAVE Global X US Infrastructure Dev ETF Forecast, Technical & Fundamental Analysis

Category Energy
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT May 26, 2022

PAVE's RSI Indicator ascending out of oversold territory

The RSI Indicator for PAVE moved out of oversold territory on May 12, 2022. 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 21 similar instances when the indicator left oversold territory. In 21 of the 21 cases the stock moved higher. This puts the odds of a move higher at 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where PAVE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on PAVE as a result. In of 84 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 PAVE just turned positive on May 25, 2022. Looking at past instances where PAVE's MACD turned positive, the stock continued to rise in of 41 cases 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 PAVE advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .

PAVE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

PAVE moved below its 50-day moving average on April 22, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PAVE crossed bearishly below the 50-day moving average on April 29, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

The 50-day moving average for PAVE moved below the 200-day moving average on May 16, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAVE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PAVE entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
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published General Information

General Information

Category Energy

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

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PAVE and ETFs

Correlation & Price change

A.I.dvisor indicates that over the last year, PAVE has been closely correlated with IFRA. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if PAVE jumps, then IFRA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PAVE
1D Price
Change %
PAVE100%
+2.24%
IFRA - PAVE
91%
Closely correlated
+1.29%
NFRA - PAVE
77%
Closely correlated
+0.63%
GII - PAVE
70%
Closely correlated
+0.69%
IGF - PAVE
70%
Closely correlated
+0.26%
GLIF - PAVE
69%
Closely correlated
+0.10%
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