DXJ WisdomTree Japan Hedged Equity ETF Forecast, Technical & Fundamental Analysis
DXJ sees MACD Histogram crosses below signal line
DXJ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 17, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 54 instances where the indicator turned negative. In of the 54 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 December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DXJ as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 DXJ 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.
DXJ moved above its 50-day moving average on November 29, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DXJ advanced for three days, in of 363 cases, the price rose further within the following month. The odds of a continued upward trend are .
DXJ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category JapanStock
| 1 Day | |||
|---|---|---|---|
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DXJ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, DXJ has been closely correlated with DBJP. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if DXJ jumps, then DBJP could also see price increases.
| Ticker / NAME | Correlation To DXJ | 1D Price Change % | ||
|---|---|---|---|---|
| DXJ | 100% | -0.96% | ||
| DBJP - DXJ | 98% Closely correlated | -0.68% | ||
| HEWJ - DXJ | 98% Closely correlated | -0.74% | ||
| DXJS - DXJ | 88% Closely correlated | -1.21% | ||
| GSJY - DXJ | 83% Closely correlated | -0.54% | ||
| EWJ - DXJ | 82% Closely correlated | -0.35% | ||
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