TAN Invesco Solar ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index... Show more
TAN's RSI Oscillator climbs out of oversold territory
The RSI Indicator for TAN moved out of oversold territory on April 11, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on TAN as a result. In of 83 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 TAN just turned positive on April 21, 2025. Looking at past instances where TAN's MACD turned positive, the stock continued to rise in of 49 cases 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 TAN advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .
TAN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TAN 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 TAN entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category MiscellaneousSector
TAN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, TAN has been closely correlated with ICLN. These tickers have moved in lockstep 94% of the time. This A.I.-generated data suggests there is a high statistical probability that if TAN jumps, then ICLN could also see price increases.
| Ticker / NAME | Correlation To TAN | 1D Price Change % | ||
|---|---|---|---|---|
| TAN | 100% | -1.94% | ||
| ICLN - TAN | 94% Closely correlated | -1.88% | ||
| CTEC - TAN | 93% Closely correlated | +0.54% | ||
| FRNW - TAN | 91% Closely correlated | -0.87% | ||
| ACES - TAN | 84% Closely correlated | -0.23% | ||
| RAYS - TAN | 83% Closely correlated | -1.91% | ||
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