ETF ticker: NASDAQ
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RNEW VanEck® Green Infrastructure ETF Forecast, Technical & Fundamental Analysis

Category Energy
Technical Analysis# Of IndicatorsAvg. Odds
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a Summary for RNEW with price predictions
08:00 PM EDT Sep 27, 2023

RNEW's Indicator enters downward trend

The Aroon Indicator for RNEW entered a downward trend on September 05, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 31 similar instances where the Aroon Indicator formed such a pattern. In of the 31 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on RNEW as a result. In of 13 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 RNEW turned negative on September 21, 2023. 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 4 similar instances when the indicator turned negative. In of the 4 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 RNEW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where RNEW's RSI Oscillator exited the oversold zone, of 6 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RNEW advanced for three days, in of 52 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

Fear & Greed
published Highlights

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Cheniere Energy (ASE:LNG), First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), Plug Power (NASDAQ:PLUG), Bloom Energy Corp (NYSE:BE), SunPower Corp (NASDAQ:SPWR), Tellurian (ASE:TELL), FuelCell Energy (NASDAQ:FCEL).

Industry description

The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Indxx US Green Infrastructure - MCAP Weighted Index. The fund normally invests at least 80% of its total assets in securities of Green Infrastructure Companies. The index is a U.S. index that tracks the performance of Green Infrastructure Companies. “Green Infrastructure Companies” are companies that seek to positively impact the environment through the production, transmission, or distribution of green energy and/or through the establishment of sustainable infrastructure to facilitate the use of green energy. The fund is non-diversified.

Market Cap

The average market capitalization across the VanEck® Green Infrastructure ETF ETF is 36.77B. The market cap for tickers in the group ranges from 111.96M to 763.35B. TSLA holds the highest valuation in this group at 763.35B. The lowest valued company is TPIC at 111.96M.

High and low price notable news

The average weekly price growth across all stocks in the VanEck® Green Infrastructure ETF ETF was 18%. For the same ETF, the average monthly price growth was 10%, and the average quarterly price growth was 57%. EVA experienced the highest price growth at 12%, while NEP experienced the biggest fall at -36%.


The average weekly volume growth across all stocks in the VanEck® Green Infrastructure ETF ETF was 5%. For the same stocks of the ETF, the average monthly volume growth was -3% and the average quarterly volume growth was -18%

Fundamental Analysis Ratings

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

Valuation Rating: 61
P/E Growth Rating: 69
Price Growth Rating: 64
SMR Rating: 72
Profit Risk Rating: 65
Seasonality Score: -20 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Energy

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