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SATO
ETF ticker: BATS
AS OF
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Net Assets
5.86M

SATO Invesco Alerian Galaxy Crypto Eco ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for SATO with price predictions
07:00 PM EST Nov 30, 2023

SATO's RSI Indicator penetrates overbought territory

The RSI Indicator for SATO moved into overbought territory on December 01, 2023. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

SATO broke above its upper Bollinger Band on December 01, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 20, 2023. You may want to consider a long position or call options on SATO as a result. In of 27 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

SATO moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SATO crossed bullishly above the 50-day moving average on November 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 SATO advanced for three days, in of 117 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 58 cases where SATO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), VISA (NYSE:V), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), JPMorgan Chase & Co (NYSE:JPM), Advanced Micro Devices (NASDAQ:AMD), Goldman Sachs Group (NYSE:GS), Micron Technology (NASDAQ:MU).

Industry description

The investment seeks to track the investment results of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. The fund generally will invest at least 80% of its total assets in the securities that comprise the underlying index. The underlying index, which is comprised of two different components: (i) stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency mining, cryptocurrency buying, or cryptocurrency enabling technologies; and (ii) ETPs and private investment trusts traded over-the-counter that invest at least 75% of their assets in Bitcoin. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco Alerian Galaxy Crypto Eco ETF ETF is 179.62B. The market cap for tickers in the group ranges from 164.57M to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is BKKT at 164.57M.

High and low price notable news

The average weekly price growth across all stocks in the Invesco Alerian Galaxy Crypto Eco ETF ETF was 13%. For the same ETF, the average monthly price growth was 33%, and the average quarterly price growth was 41%. IREN experienced the highest price growth at 57%, while CAN experienced the biggest fall at -8%.

Volume

The average weekly volume growth across all stocks in the Invesco Alerian Galaxy Crypto Eco ETF ETF was 113%. For the same stocks of the ETF, the average monthly volume growth was 32% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

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

Valuation Rating: 65
P/E Growth Rating: 60
Price Growth Rating: 41
SMR Rating: 76
Profit Risk Rating: 80
Seasonality Score: 34 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Digital Assets
Address
PowerShares Exchange-Traded Fund Tr II301 West Roosevelt RoadWheaton
Phone
N/A
Web
www.invescopowershares.com
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SATO and

Correlation & Price change

A.I.dvisor tells us that SATO and BITO have been poorly correlated (+15% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SATO and BITO's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SATO
1D Price
Change %
SATO100%
+10.76%
BITO - SATO
15%
Poorly correlated
+2.81%
BKCH - SATO
9%
Poorly correlated
+10.57%
BLOK - SATO
9%
Poorly correlated
+5.99%
BITQ - SATO
8%
Poorly correlated
+8.47%
BLCN - SATO
7%
Poorly correlated
+2.54%
More