ASEA Global X FTSE Southeast Asia ETF Forecast, Technical & Fundamental Analysis

ASEA in upward trend: price may jump up because it broke its lower Bollinger Band on January 13, 2025

ASEA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 45 cases where ASEA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on January 17, 2025. You may want to consider a long position or call options on ASEA as a result. In of 88 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 ASEA just turned positive on January 17, 2025. Looking at past instances where ASEA's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

ASEA moved above its 50-day moving average on January 29, 2025 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASEA advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Aroon Indicator for ASEA entered a downward trend on January 24, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.