How did XLG's Momentum indicator behave recently?

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on XLG as a result. In 54 of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 74%.

What does a 3-day price advance indicate for XLG?

Following a +2.49% 3-day Advance, the price is estimated to grow further. Considering data from situations where XLG advanced for three days, in 314 of 357 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.

XLG

AS OF

Jan 23, 04:59 PM (EDT)

Price

$51.62

Change

+$0.26 (+0.51%)

Net Assets

8.02B

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Anna G

published in Blogs

Jun 13, 2023

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S&P 500 (SPX, +0.93%) Hits 13-Month High, Climbing Over 20% From October

Q: How does the Aroon Indicator reflect on XLG's trend?

The Aroon Indicator entered an Uptrend today. In 403 of 461 cases where XLG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.

On Monday, the S&P 500 jumped to its highest level in 13 months, marking a significant surge in investor optimism. Traders are hoping that the Federal Reserve will refrain from hiking rates in the imminent policy decision due this Wednesday. This leap represents a momentous occasion for the market, signifying the end of the bear market and the beginning of a potential bull run.

Upcoming Tuesday's inflation data could further bolster the narrative of decreasing inflation rates. Economists predict that the consumer price index will show inflation dropping to a 4% annual rate in May, a noticeable decrease from the 4.9% in the previous month.

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This positive sentiment isn't limited to the S&P 500. Last week, the benchmark index reached a milestone by gaining more than 20% off its October low, prompting many investors to announce the end of the bear market. The Nasdaq Composite has seen even more substantial growth, up 33% from its 52-week low.

Leading the charge in Monday's surge were the Nasdaq and technology stocks, with giants like Amazon and Tesla each gaining more than 2%. This comes as the Nasdaq continues a seven-week winning streak.

This rally initiates a busy week for the US economy, with inflation data expected on Tuesday and the Federal Reserve's policy decision due on Wednesday afternoon. All three major indexes - the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average - ended Monday higher, with Nasdaq leading the gains with a 1.53% rise.

Historical data also provides a silver lining for investors. After the end of previous bear markets, stocks such as Target (TGT), TJX (TJX), and Tyler Technologies (TYL) consistently outperformed, each jumping an average of 30% or more in just 12 months.

After a grueling 162 trading days to overcome the last bear market, such historical trends provide much-needed relief for investors. Ryan Detrick, a strategist at Carson Group, points out that the S&P 500 gained 28.2% on average in the 12 months after rising 20% from bear market lows.

While the market's optimism is currently high, investors should keep a keen eye on the upcoming inflation data and the Federal Reserve's policy decision. These factors could influence the trajectory of the market in the weeks and months to come.

Related Ticker: XLG

XLG in -0.99% downward trend, sliding for three consecutive days on January 02, 2025

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where XLG declined for three days, in of 234 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on XLG as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 44 cases where XLG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 XLG advanced for three days, in of 357 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 461 cases where XLG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Microsoft Corp (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Broadcom Inc. (NASDAQ:AVGO), Eli Lilly & Co (NYSE:LLY).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Top 50 Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The index provider compiles, maintains and calculates the underlying index, which consists of the 50 largest companies in the S&P 500® Index based on float-adjusted market capitalization. The underlying index's components are weighted by float-adjusted market capitalization. The fund is non-diversified.

Market Cap

The average market capitalization across the Invesco S&P 500® Top 50 ETF ETF is 2.09T. The market cap for tickers in the group ranges from 632.33B to 3.6T. NVDA holds the highest valuation in this group at 3.6T. The lowest valued company is BRK.B at 632.33B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500® Top 50 ETF ETF was 10%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 59%. NVDA experienced the highest price growth at 8%, while AAPL experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500® Top 50 ETF ETF was 27%. For the same stocks of the ETF, the average monthly volume growth was 25% and the average quarterly volume growth was -6%