HERO Global X Video Games & Esports ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Video Games & Esports Index... Show more
Momentum Indicator for HERO turns positive, indicating new upward trend
HERO saw its Momentum Indicator move above the 0 level on May 20, 2025. 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 81 similar instances where the indicator turned positive. In of the 81 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 HERO just turned positive on June 04, 2025. Looking at past instances where HERO's MACD turned positive, the stock continued to rise in of 51 cases 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 HERO advanced for three days, in of 323 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 227 cases where HERO 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 7 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 13 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 HERO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HERO broke above its upper Bollinger Band on June 04, 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 Communications
HERO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HERO has been closely correlated with ESPO. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if HERO jumps, then ESPO could also see price increases.
| Ticker / NAME | Correlation To HERO | 1D Price Change % | ||
|---|---|---|---|---|
| HERO | 100% | -0.42% | ||
| ESPO - HERO | 85% Closely correlated | -1.06% | ||
| VOX - HERO | 66% Closely correlated | -0.98% | ||
| FCOM - HERO | 66% Loosely correlated | -0.98% | ||
| XLC - HERO | 62% Loosely correlated | -1.01% | ||
| IYZ - HERO | 54% Loosely correlated | -1.40% | ||
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