REUTERS: Japan must hike sales tax, draw in more foreign workers: Abe adviser
Japan must proceed with this year’s scheduled sales tax hike and take steps to more sustainably draw in foreign workers, as a rapidly ageing population and acute labour shortages strain its finances, an economic adviser to Prime Minister Shinzo Abe said. READ MORE...
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EWJ in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 24, 2026
EWJ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 37 of 39 cases where EWJ's price broke its lower Bollinger Band, its price rose further in 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 EWJ as a result. In 78 of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for EWJ just turned positive on October 05, 2026. Looking at past instances where EWJ's MACD turned positive, the stock continued to rise in 49 of 56 cases over the following month. The odds of a continued upward trend are 88%.
Following a +0.40% 3-day Advance, the price is estimated to grow further. Considering data from situations where EWJ advanced for three days, in 251 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
The Aroon Indicator entered an Uptrend today. In 260 of 297 cases where EWJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 88%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWJ 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 75%.
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General Information
Category JapanStock
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