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SOCL
ETF ticker: NASDAQ
AS OF
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Net Assets
158.09M

SOCL Global X Social Media ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for SOCL with price predictions
07:00 PM EST Nov 29, 2023

SOCL sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for SOCL moved above the 200-day moving average on November 29, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on SOCL as a result. In of 81 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 SOCL just turned positive on November 02, 2023. Looking at past instances where SOCL's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

SOCL moved above its 50-day moving average on November 03, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SOCL crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 SOCL advanced for three days, in of 324 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 347 cases where SOCL 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 10-day RSI Indicator for SOCL moved out of overbought territory on November 24, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 18 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 SOCL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SOCL broke above its upper Bollinger Band on November 03, 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 Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), NetEase (NASDAQ:NTES), Baidu (NASDAQ:BIDU), Spotify Technology SA (NYSE:SPOT), Pinterest (NYSE:PINS), Snap (NYSE:SNAP), Tencent Music Entertainment Group (NYSE:TME), Bilibili (NASDAQ:BILI), Weibo Corp (NASDAQ:WB).

Industry description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Social Media Total Return Index. The fund will invest at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. The underlying index tracks the equity performance of the largest and most liquid companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications. The fund is non-diversified.

Market Cap

The average market capitalization across the Global X Social Media ETF ETF is 144.2B. The market cap for tickers in the group ranges from 339.24M to 1.73T. GOOGL holds the highest valuation in this group at 1.73T. The lowest valued company is GRPN at 339.24M.

High and low price notable news

The average weekly price growth across all stocks in the Global X Social Media ETF ETF was -0%. For the same ETF, the average monthly price growth was 13%, and the average quarterly price growth was 8%. FVRR experienced the highest price growth at 13%, while BILI experienced the biggest fall at -19%.

Volume

The average weekly volume growth across all stocks in the Global X Social Media ETF ETF was 9%. For the same stocks of the ETF, the average monthly volume growth was -44% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 64
Price Growth Rating: 49
SMR Rating: 70
Profit Risk Rating: 87
Seasonality Score: 2 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Communications

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

Correlation & Price change

A.I.dvisor indicates that over the last year, SOCL has been closely correlated with ESPO. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if SOCL jumps, then ESPO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SOCL
1D Price
Change %
SOCL100%
+0.84%
ESPO - SOCL
84%
Closely correlated
-0.58%
IXP - SOCL
83%
Closely correlated
-0.48%
FCOM - SOCL
79%
Closely correlated
-0.73%
VOX - SOCL
79%
Closely correlated
-0.58%
XLC - SOCL
76%
Closely correlated
-0.63%
More