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XITK
ETF ticker:
NYSE ARCA
AS OF
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Price
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Net Assets
92.03M

XITK Price Prediction, SPDR® FactSet Innovative Technology ETF AI Recommendations

ETF market charts, price targets, analyst ratings and a financial calendar

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for XITK with price predictions
08:00 PM EDT Jun 08, 2023

Momentum Indicator for XITK turns positive, indicating new upward trend

XITK saw its Momentum Indicator move above the 0 level on May 09, 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 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for XITK just turned positive on May 10, 2023. Looking at past instances where XITK's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

XITK moved above its 50-day moving average on May 17, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for XITK crossed bullishly above the 50-day moving average on May 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 XITK advanced for three days, in of 353 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 321 cases where XITK 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 has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 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 XITK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

XITK broke above its upper Bollinger Band on May 18, 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 NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Adobe (NASDAQ:ADBE), Advanced Micro Devices (NASDAQ:AMD), Accenture PLC (NYSE:ACN), Netflix (NASDAQ:NFLX), KLA Corp (NASDAQ:KLAC), Trade Desk (The) (NASDAQ:TTD), CrowdStrike Holdings (NASDAQ:CRWD), Electronic Arts (NASDAQ:EA).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index.

Market Cap

The average market capitalization across the SPDR® FactSet Innovative Technology ETF ETF is 30.2B. The market cap for tickers in the group ranges from 460.2M to 957.62B. NVDA holds the highest valuation in this group at 957.62B. The lowest valued company is VNET at 460.2M.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® FactSet Innovative Technology ETF ETF was 1%. For the same ETF, the average monthly price growth was 14%, and the average quarterly price growth was 23%. GTLB experienced the highest price growth at 40%, while HCP experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the SPDR® FactSet Innovative Technology ETF ETF was -1%. For the same stocks of the ETF, the average monthly volume growth was -14% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 63
P/E Growth Rating: 68
Price Growth Rating: 46
SMR Rating: 77
Profit Risk Rating: 78
Seasonality Score: 15 (-100 ... +100)
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published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
SPDR Series TrustOne Lincoln Street Cph0326Boston
Phone
N/A
Web
www.spdrs.com
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XITK and

Correlation & Price change

A.I.dvisor tells us that XITK and SOXX have been poorly correlated (+-9% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that XITK and SOXX's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XITK
1D Price
Change %
XITK100%
+0.19%
SOXX - XITK
-9%
Poorly correlated
+0.26%
VGT - XITK
-9%
Poorly correlated
+0.42%
SMH - XITK
-9%
Poorly correlated
+0.46%
XLK - XITK
-9%
Poorly correlated
+0.50%
IYW - XITK
-10%
Poorly correlated
+0.46%