RAYS Global X Solar 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 Solar Index ("underlying index")... Show more
RAYS's Stochastic Oscillator penetrating overbought zone
The Stochastic Oscillator for RAYS moved into overbought territory on June 27, 2025. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 17, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on RAYS as a result. In of 71 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 Moving Average Convergence Divergence (MACD) for RAYS just turned positive on June 27, 2025. Looking at past instances where RAYS's MACD turned positive, the stock continued to rise in of 33 cases over the following month. The odds of a continued upward trend are .
RAYS moved above its 50-day moving average on June 24, 2025 date and that indicates a change from a downward trend to an upward trend.
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General Information
Category MiscellaneousSector
RAYS and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RAYS has been closely correlated with TAN. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if RAYS jumps, then TAN could also see price increases.
| Ticker / NAME | Correlation To RAYS | 1D Price Change % | ||
|---|---|---|---|---|
| RAYS | 100% | -0.75% | ||
| TAN - RAYS | 86% Closely correlated | N/A | ||
| ICLN - RAYS | 80% Closely correlated | -0.69% | ||
| QCLN - RAYS | 65% Loosely correlated | -1.36% | ||
| XT - RAYS | 63% Loosely correlated | +0.09% | ||
| GRID - RAYS | 56% Loosely correlated | +1.87% | ||
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