ASIA Matthews Pacific Tiger Active ETF Forecast, Technical & Fundamental Analysis
ASIA in +0.86% Uptrend, growing for three consecutive days on December 05, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ASIA advanced for three days, in of 76 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
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.
The Moving Average Convergence Divergence (MACD) for ASIA just turned positive on December 03, 2024. Looking at past instances where ASIA's MACD turned positive, the stock continued to rise in of 9 cases over the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ASIA as a result. In of 17 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ASIA moved below its 50-day moving average on November 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ASIA crossed bearishly below the 50-day moving average on November 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 4 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 ASIA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ASIA 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 ASIA entered a downward trend on November 18, 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.
General Information
Category PacificAsiaexJapanStk
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| NBDS | 31.34 | 0.01 | +0.03% |
| Neuberger Berman Disrupters ETF | |||
| NJUL | 63.82 | -0.12 | -0.19% |
| Innovator Nasdaq-100 Power Bfr ETF Jul | |||
| IDEV | 65.86 | -0.24 | -0.36% |
| iShares Core MSCI Intl Dev Mkts ETF | |||
| USSG | 55.93 | -0.20 | -0.36% |
| Xtrackers MSCI USA ESG Leaders Eq ETF | |||
| AMUB | 18.50 | -0.56 | -2.96% |
| UBS ETRACS Alerian MLP ETN Series B | |||
ASIA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ASIA has been closely correlated with AAXJ. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASIA jumps, then AAXJ could also see price increases.
| Ticker / NAME | Correlation To ASIA | 1D Price Change % | ||
|---|---|---|---|---|
| ASIA | 100% | +0.25% | ||
| AAXJ - ASIA | 97% Closely correlated | -0.25% | ||
| AIA - ASIA | 95% Closely correlated | +0.19% | ||
| EEMA - ASIA | 95% Closely correlated | -0.26% | ||
| EPP - ASIA | 78% Closely correlated | +0.22% | ||
| BBAX - ASIA | 78% Closely correlated | +0.28% |