Brazilian stocks tumble as arrest of former president Temer adds to uncertainty around pension reform - CNBC
Brazilian stocks fell sharply on Friday as the arrest of the country’s former president, Michel Temer, sparked worries that government debate over key fiscal reforms may be delayed. READ MORE...
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
EWZ's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for EWZ turned positive on October 05, 2026. Looking at past instances where EWZ's MACD turned positive, the stock continued to rise in 45 of 48 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 02, 2026. You may want to consider a long position or call options on EWZ as a result. In 70 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
EWZ moved above its 50-day moving average on September 29, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EWZ crossed bullishly above the 50-day moving average on September 01, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 83%.
The 50-day moving average for EWZ moved above the 200-day moving average on September 11, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +15.72% 3-day Advance, the price is estimated to grow further. Considering data from situations where EWZ advanced for three days, in 276 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 88%.
The Aroon Indicator entered an Uptrend today. In 218 of 239 cases where EWZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWZ declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 87%.
EWZ broke above its upper Bollinger Band on October 05, 2026. 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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