DWSH Stock AdvisorShares Dorsey Wright Short ETF (DWSH, $7.17) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 17, 2024

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DWSH - AdvisorShares Dorsey Wright Short ETF

MACD signal

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Odds of DOWN Trend

Price: $7.17

Daily change: -$0.01 (-0.21%)

Daily volume: 2.5K

Net Assets: $10.1M

DWSH sees MACD Histogram just turned negative

DWSH saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 17, 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

DWSH moved below its 50-day moving average on September 26, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for DWSH crossed bearishly below the 50-day moving average on September 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

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.

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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on DWSH as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 279 cases, the price rose further within the following month. The odds of a continued upward trend are .