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POTX NEWS why is Global X Cannabis Etf price falling or rising

POTX NEWS reasons for why stock price of Global X Cannabis Etf is falling or rising

POTX Global X is falling or rising technical reasons

Technical analysis forecast for Global X Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Global X POTX at this time. Stock is falling and might fall more.

It appears as if Global X POTX gave a large move recently.

Stock of Global X (POTX) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Global X is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 5.1 as stoploss in an intra day buy trade for a target of 5.25. However, stock will show a bearish move below 5.1.

POTX Global X is falling or rising NEWS fundamental reasons

More announcements and NEWS

POTX Global X Cannabis Etf current price & indicator signals

Moving Averages for Global X Cannabis Etf

  • 5Day Average: 5.14
  • 12Day Average: 5.16
  • 20Day Average: 5.22
  • 50Day Average: 5.52
  • 100Day Average: 5.62
  • 150Day Average: 6.11
  • 200Day Average: 6.39

POTX Indicators & signals

Indicator MACD (12,26,9)

5.18, 5.29, -0.12
Indicator MACD is in negative zone

Indicator ADX (14)

0, 58.33, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of POTX Global X Cannabis Etf are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Fri Feb 2024 5.16 5.08 to 5.16 0.98% 0.74 times
15 Thu Feb 2024 5.11 5.10 to 5.15 -0.78% 0.97 times
14 Wed Feb 2024 5.15 5.12 to 5.15 0% 0.8 times
13 Tue Feb 2024 5.15 5.09 to 5.15 0% 0.96 times
12 Mon Feb 2024 5.15 5.09 to 5.15 0.78% 0.31 times
09 Fri Feb 2024 5.11 5.09 to 5.15 -0.39% 1.85 times
08 Thu Feb 2024 5.13 5.10 to 5.15 -0.39% 2.59 times
07 Wed Feb 2024 5.15 5.10 to 5.15 -0.77% 0.71 times
06 Tue Feb 2024 5.19 5.14 to 5.20 1.17% 0.32 times
05 Mon Feb 2024 5.13 5.13 to 5.20 -1.16% 0.79 times
02 Fri Feb 2024 5.19 5.14 to 5.20 -0.95% 0.71 times
01 Thu Feb 2024 5.24 5.18 to 5.25 0.38% 0.34 times

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