GGM:NYSE ARCAGGM Macro Alignment ETF Analysis

The moving-average structure behind GGM Macro Alignment ETF is bullish at $31.59, with short-term averages leading the long-term ones. It has gained 4.3% over the past 30 days. RSI sits at 58.1, which reads as neutral, and MACD momentum is bearish. The recent range runs from support at $31.21 up to resistance at $31.90.
The 0.94% expense ratio is middling for its category, and the fund manages $19.6M in assets.
Risk scores 3 out of 10, which is low for this asset class. With 30-day volatility of 8.1%, a beta of 0.66 and a maximum drawdown of 7.5%, the drawdown profile is forgiving relative to most of the market. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 93 on the fear-greed composite.
Timeframes disagree: the short-term read is buy while the long-term read is hold, conviction 3 out of 10.