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 in +0.42% Uptrend, advancing for three consecutive days on June 10, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where URTH advanced for three days, in of 366 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In of 373 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 June 11, 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 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Moving Average Convergence Divergence Histogram (MACD) for URTH turned negative on May 29, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where URTH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
URTH broke above its upper Bollinger Band on May 12, 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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