CTEC Stock Summary and Trading Ideas (Global X Cleantech ETF | NASDAQ:CTEC)

The Global X CleanTech ETF (CTEC) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Global CleanTech Index. The Global X CleanTech ETF (CTEC) seeks to invest in companies that stand to benefit from the increased adoption of technologies that inhibit or reduce negative environmental impacts. This includes companies involved in renewable energy production, energy storage, smart grid implementation, residential/commercial energy efficiency, and/or the production and provision of pollution-reducing products and solutions.

Global X Cleantech ETF trades on the NASDAQ stock market under the symbol CTEC.

As of December 16, 2024, CTEC stock price declined to $7.09 with 11,257 million shares trading.

CTEC has a market cap of $32.83 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CTEC traded as high as $18.70 and as low as $6.65.

CTEC has underperformed the market in the last year with a price return of -27.2% while the SPY ETF gained +30.6%. CTEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.2% and -4.4%, respectively, while the SPY returned +8.4% and +0.8%, respectively.

CTEC support price is $7.01 and resistance is $7.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CTEC shares will trade within this expected range on the day.