GGME Invesco Next Gen Media and Gaming ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results (before fees and expenses) of the STOXX World AC NexGen Media Index... Show more
GGME in +0.80% Uptrend, growing for three consecutive days on July 03, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GGME advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 02, 2025. You may want to consider a long position or call options on GGME as a result. In of 70 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 GGME just turned positive on June 24, 2025. Looking at past instances where GGME's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 292 cases where GGME 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 demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 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 GGME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GGME broke above its upper Bollinger Band on June 24, 2025. 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.
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General Information
Category Technology
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GGME and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GGME has been closely correlated with FTEC. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if GGME jumps, then FTEC could also see price increases.
| Ticker / NAME | Correlation To GGME | 1D Price Change % | ||
|---|---|---|---|---|
| GGME | 100% | +0.69% | ||
| FTEC - GGME | 91% Closely correlated | +1.38% | ||
| CIBR - GGME | 68% Closely correlated | +1.89% | ||
| CHAT - GGME | 43% Loosely correlated | +1.08% | ||
| IYW - GGME | -1% Poorly correlated | +1.33% | ||
| VGT - GGME | -4% Poorly correlated | +1.39% | ||
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