Market Volatility as Coronavirus Spreads
For weeks, the equity markets seemed to shrug-off the possibility of negative impact from a spreading coronavirus. But the tone changed this week, as the S&P 500 posted sharp declines early in the week as confirmed cases grew sharply across the world – particularly in developed economies like South Korea, Japan, Italy, and even here in the US.
While equities sold off sharply, the yield on the 10-year US Treasury fell to a record low and oil prices dropped below $50 a barrel – all signs of growing investor concern over demand and economic growth in the coming months and quarters.
In my view, volatility is likely to persist as investor attention is decisively shifted away from fundamentals (revenues and earnings) and towards the unknown (headlines). In short, however, I also think the fear of the coronavirus as a global pandemic is arguably greater, for now, than the actual economic impact it is likely to have. While I don't mean to downplay the seriousness of the outbreak, history suggests that the impact to growth and market performance – and the grip that the outbreak holds on global psychology and confidence – will be temporary. I'll be buying the dips when I can.
URTH sees its 50-day moving average cross bullishly above its 200-day moving average
The 50-day moving average for URTH moved above the 200-day moving average on June 16, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 24, 2025. You may want to consider a long position or call options on URTH as a result. In of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for URTH just turned positive on June 27, 2025. Looking at past instances where URTH's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where URTH advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 375 cases where URTH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for URTH moved out of overbought territory on July 07, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
URTH broke above its upper Bollinger Band on June 26, 2025. 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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