If the Covid-19 global pandemic has you worried about your health and safety, I can assure you that you are not alone. These are challenging times, and we should all be following the guidance and advice of health experts as it relates to public safety.
But I also think this is the time that investors need to be focused on financial health.
As an investment expert – not a health expert – my advice to you is to create two distinct lanes for how you’re thinking during this public health crisis. In one lane, you have your feelings and actions as they relate to personal health and safety. This is your lane for heightened precautions, safety measures, and so on.
In the other lane, I think you maintain a positive, long-term outlook on how the economy and market are likely to stage a full recovery, with asset prices swinging back to new highs perhaps even by the end of the year. This is your rational, forward-looking lane. This mindset is extremely challenging to maintain when it feels like the sky is falling. But in my view, it’s views like this that separate the smart money from the not-so-smart money over time.
The fact that volatility tends to strike in scary clusters makes this kind of long-term thinking very difficult for many investors. We can easily get drawn into intense focus over what’s going to happen tomorrow versus what’s going to happen a year or five years from now. Short-term thinking is emotionally-driven; long-term thinking is data-driven. The latter is an investor’s key to success, especially in times like these.
We are starting to see a more coordinated fiscal, monetary, and organizational response to the crisis that I think will pay off in the next few months. It won’t feel that way as the media’s grip on the national consciousness – coupled with ongoing volatility and big down days – give the impression that nothing is working and the world is ending. Algorithmic trading platforms often exacerbate the ups and downs too, making each day feel unprecedented in some way. But as a nation we have gotten through myriad crises throughout our history, and we’ll get through this one, too. Investors just need to stay patient and smart.
One final note on volatility: 24 of the 25 best days in the market’s history have come within 30 days of the worst days in the market’s history. That’s almost 100% of huge upswings happening in close proximity to huge downswings! This should serve as a reminder to investors not to try and time the market. Missing the big up days can mean compromising your long-term returns.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where URTH declined for three days, in of 247 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for URTH moved out of overbought territory on March 22, 2024. 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 6 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 March 26, 2024. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
URTH broke above its upper Bollinger Band on March 20, 2024. 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where URTH advanced for three days, in of 380 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 378 cases where URTH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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