DWSH Stock AdvisorShares Dorsey Wright Short ETF (DWSH, $7.14) entered Downtrend as Momentum indicator drops below 0 level on Nov 22, 2024

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DWSH - AdvisorShares Dorsey Wright Short ETF

Momentum signal

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Odds of DOWN Trend

Price: $7.14

Daily change: -$0.13 (-1.72%)

Daily volume: 16.1K

Net Assets: $10.2M

DWSH sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for DWSH moved below the 200-day moving average on October 18, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

DWSH moved below its 50-day moving average on November 21, 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 DWSH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 19, 2024. You may want to consider a long position or call options on DWSH as a result. In of 95 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 DWSH just turned positive on November 15, 2024. Looking at past instances where DWSH's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for DWSH crossed bullishly above the 50-day moving average on November 21, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 DWSH advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 173 cases where DWSH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .