ASEA Stock Global X FTSE Southeast Asia ETF (ASEA, $16.54) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 12, 2024

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ASEA - Global X FTSE Southeast Asia ETF

MACD signal

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Odds of DOWN Trend

Price: $16.54

Daily change: -$0.31 (-1.81%)

Daily volume: 11.2K

Net Assets: $59.3M

ASEA sees MACD Histogram crosses below signal line

ASEA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 22, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative. In of the 38 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ASEA as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ASEA moved below its 50-day moving average on October 23, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for ASEA crossed bearishly below the 50-day moving average on October 29, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .

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 .

The Aroon Indicator for ASEA entered a downward trend on November 15, 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ASEA's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable 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 316 cases, the price rose further within the following month. The odds of a continued upward trend are .

ASEA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.