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SOLR
ETF ticker: NYSE ARCA
AS OF
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Net Assets
4.87M

SOLR SmartETFs Sustainable Energy II ETF Forecast, Technical & Fundamental Analysis

Category Energy
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SOLR with price predictions
08:00 PM EDT Sep 20, 2023

SOLR sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for SOLR moved below the 200-day moving average on August 28, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SOLR as a result. In of 49 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 SOLR 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 24 similar instances when the indicator turned negative. In of the 24 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 SOLR 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 SOLR entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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 SOLR advanced for three days, in of 173 cases, the price rose further within the following month. The odds of a continued upward trend are .

SOLR 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
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Suncor Energy (NYSE:SU), ON Semiconductor Corp (NASDAQ:ON), First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH), SolarEdge Technologies (NASDAQ:SEDG), Canadian Solar (NASDAQ:CSIQ).

Industry description

The investment seeks long-term capital appreciation. The fund invests, under normal conditions, at least 80% of its net assets in publicly-traded equity securities of sustainable energy companies (both U.S. and non-U.S.). It will invest in companies that the adviser considers to be “Sustainable Energy” companies, which are companies that, in the adviser’s view, generate, produce or provide alternative or renewable sources of energy, or that produce, generate, transport, or deliver energy or energy applications in a way that makes alternative or renewable energy more efficient or accessible or reduces the use of environmentally depletive energy resources.

Market Cap

The average market capitalization across the SmartETFs Sustainable Energy II ETF ETF is 25.47B. The market cap for tickers in the group ranges from 134.52M to 136.3B. NEE holds the highest valuation in this group at 136.3B. The lowest valued company is TPIC at 134.52M.

High and low price notable news

The average weekly price growth across all stocks in the SmartETFs Sustainable Energy II ETF ETF was 1%. For the same ETF, the average monthly price growth was 3%, and the average quarterly price growth was 35%. ENPH experienced the highest price growth at 2%, while NOVA experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the SmartETFs Sustainable Energy II ETF ETF was -2%. For the same stocks of the ETF, the average monthly volume growth was -1% and the average quarterly volume growth was -1%

Fundamental Analysis Ratings

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

Valuation Rating: 73
P/E Growth Rating: 67
Price Growth Rating: 61
SMR Rating: 62
Profit Risk Rating: 51
Seasonality Score: -22 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Energy

Profile
Fundamentals
Details
Category
Equity Energy
Address
Fidelity Puritan TrustSuite 750Woodland Hills
Phone
N/A
Web
www.gafunds.com
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SOLR and

Correlation & Price change

A.I.dvisor indicates that over the last year, SOLR has been loosely correlated with XOP. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if SOLR jumps, then XOP could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SOLR
1D Price
Change %
SOLR100%
-2.12%
XOP - SOLR
54%
Loosely correlated
-1.16%
IXC - SOLR
53%
Loosely correlated
-1.40%
VDE - SOLR
52%
Loosely correlated
-1.45%
OIH - SOLR
51%
Loosely correlated
-1.70%
XLE - SOLR
50%
Loosely correlated
-1.37%
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