RAYS Global X Solar ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Solar Index ("underlying index")... Show more
RAYS's Stochastic Oscillator dives oversold zone
The Stochastic Oscillator for RAYS moved into oversold territory on September 05, 2025. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The 50-day moving average for RAYS moved above the 200-day moving average on August 13, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RAYS advanced for three days, in of 190 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 04, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on RAYS as a result. In of 74 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 RAYS turned negative on September 03, 2025. 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 36 similar instances when the indicator turned negative. In of the 36 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 RAYS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RAYS broke above its upper Bollinger Band on August 15, 2025. 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.
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General Information
Category MiscellaneousSector
RAYS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RAYS has been closely correlated with QCLN. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAYS jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To RAYS | 1D Price Change % | ||
|---|---|---|---|---|
| RAYS | 100% | N/A | ||
| QCLN - RAYS | 69% Closely correlated | +2.14% | ||
| GRID - RAYS | 56% Loosely correlated | +0.44% | ||
| JETS - RAYS | 41% Loosely correlated | +0.62% | ||
| TAN - RAYS | 16% Poorly correlated | +4.81% | ||
| NLR - RAYS | 9% Poorly correlated | +0.46% | ||
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