ASEA Global X FTSE Southeast Asia ETF Forecast, Technical & Fundamental Analysis
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE/ASEAN 40 Index ("underlying index")... Show more
ASEA in upward trend: price may ascend as a result of having broken its lower Bollinger Band on February 27, 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 43 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 RSI Indicator entered the oversold zone -- be on the watch for ASEA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASEA advanced for three days, in of 313 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 203 cases where ASEA 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 Momentum Indicator moved below the 0 level on February 27, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on ASEA as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ASEA turned negative on February 24, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
ASEA moved below its 50-day moving average on February 19, 2025 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 ASEA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category PacificAsiaexJapanStk
ASEA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ASEA has been closely correlated with EPP. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASEA jumps, then EPP could also see price increases.
| Ticker / NAME | Correlation To ASEA | 1D Price Change % | ||
|---|---|---|---|---|
| ASEA | 100% | -0.74% | ||
| EPP - ASEA | 69% Closely correlated | -0.56% | ||
| BBAX - ASEA | 66% Loosely correlated | -0.40% | ||
| AAXJ - ASEA | 64% Loosely correlated | -1.27% | ||
| EEMA - ASEA | 61% Loosely correlated | -1.77% | ||
| AIA - ASEA | 59% Loosely correlated | -1.40% |