AAXJ iShares MSCI All Country Asia ex Jpn ETF Forecast, Technical & Fundamental Analysis

AAXJ in downward trend: 10-day moving average crossed below 50-day moving average on November 13, 2024

The 10-day moving average for AAXJ crossed bearishly below the 50-day moving average on November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

AAXJ moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAXJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AAXJ broke above its upper Bollinger Band on December 09, 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.

The Aroon Indicator for AAXJ entered a downward trend on December 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on November 27, 2024. You may want to consider a long position or call options on AAXJ as a result. In of 91 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 AAXJ just turned positive on December 02, 2024. Looking at past instances where AAXJ's MACD turned positive, the stock continued to rise in of 49 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 AAXJ advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .