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XNTK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
530.17M

XNTK SPDR® NYSE Technology ETF Forecast, Technical & Fundamental Analysis

Category Technology
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for XNTK with price predictions
08:00 PM EDT Sep 28, 2023

XNTK's Stochastic Oscillator is sitting in 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 uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XNTK's RSI Indicator exited the oversold zone, of 28 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 XNTK advanced for three days, in of 365 cases, the price rose further within the following month. The odds of a continued upward trend are .

XNTK 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 Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on XNTK as a result. In of 68 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 XNTK turned negative on September 15, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .

XNTK moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for XNTK crossed bearishly below the 50-day moving average on September 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where XNTK 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 XNTK entered a downward trend on August 29, 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.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Oracle Corp (NYSE:ORCL).

Industry description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index that tracks the performance of publicly traded technology companies. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. The index is composed of 35 leading U.S.-listed technology-related companies.

Market Cap

The average market capitalization across the SPDR® NYSE Technology ETF ETF is 344.27B. The market cap for tickers in the group ranges from 46.27B to 2.72T. AAPL holds the highest valuation in this group at 2.72T. The lowest valued company is JD at 46.27B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® NYSE Technology ETF ETF was 10%. For the same ETF, the average monthly price growth was 14%, and the average quarterly price growth was 67%. AMD experienced the highest price growth at 7%, while IBM experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the SPDR® NYSE Technology ETF ETF was -4%. For the same stocks of the ETF, the average monthly volume growth was -8% and the average quarterly volume growth was -25%

Fundamental Analysis Ratings

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

Valuation Rating: 66
P/E Growth Rating: 56
Price Growth Rating: 50
SMR Rating: 50
Profit Risk Rating: 50
Seasonality Score: -39 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
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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XNTK and

Correlation & Price change

A.I.dvisor indicates that over the last year, XNTK has been closely correlated with IYW. These tickers have moved in lockstep 89% of the time. This A.I.-generated data suggests there is a high statistical probability that if XNTK jumps, then IYW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XNTK
1D Price
Change %
XNTK100%
+0.33%
IYW - XNTK
89%
Closely correlated
+0.17%
VGT - XNTK
89%
Closely correlated
+0.39%
XLK - XNTK
87%
Closely correlated
+0.34%
SMH - XNTK
87%
Closely correlated
+0.48%
SOXX - XNTK
87%
Closely correlated
+0.36%