USNZ Xtrackers Net Zero Pwy Par Alg US Eq ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for USNZ turns positive, indicating new upward trend
USNZ saw its Momentum Indicator move above the 0 level on November 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 18 similar instances where the indicator turned positive. In of the 18 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for USNZ just turned positive on November 02, 2023. Looking at past instances where USNZ's MACD turned positive, the stock continued to rise in of 10 cases over the following month. The odds of a continued upward trend are .
USNZ 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 USNZ 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 3 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 USNZ advanced for three days, in of 77 cases, the price rose further within the following month. The odds of a continued upward trend are .
USNZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 101 cases where USNZ 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 20 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 USNZ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category LargeBlend
USNZ and
Correlation & Price change
A.I.dvisor indicates that over the last year, USNZ has been closely correlated with SPY. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if USNZ jumps, then SPY could also see price increases.
| Ticker / NAME | Correlation To USNZ | 1D Price Change % | ||
|---|---|---|---|---|
| USNZ | 100% | N/A | ||
| SPY - USNZ | 97% Closely correlated | -0.52% | ||
| IVV - USNZ | 97% Closely correlated | -0.50% | ||
| VOO - USNZ | 97% Closely correlated | -0.52% | ||
| VTI - USNZ | 96% Closely correlated | -0.36% | ||
| VIG - USNZ | 91% Closely correlated | -0.08% |