ECON Columbia Emerging Markets Consumer ETF Forecast, Technical & Fundamental Analysis
ECON sees MACD Histogram crosses below signal line
ECON saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 20, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 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 September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ECON as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
ECON moved below its 50-day moving average on September 05, 2023 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 ECON 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 ECON entered a downward trend on October 03, 2023. 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 Indicator entered the oversold zone -- be on the watch for ECON's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ECON advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .
ECON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category DiversifiedEmergingMkts
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SHPCX | 13.05 | -0.12 | -0.91% |
| Saratoga Health & Biotechnology C | |||
| CWSIX | 17.17 | -0.24 | -1.38% |
| Carillon Chartwell Small Cap Value Fund | |||
| ASVRX | 8.61 | -0.15 | -1.71% |
| American Century Small Cap Value R | |||
| CSPRX | 21.06 | -0.37 | -1.73% |
| Columbia Select Small Cap Value Adv | |||
| CVGCX | 12.64 | -0.25 | -1.94% |
| Calamos Growth C | |||
ECON and
Correlation & Price change
A.I.dvisor indicates that over the last year, ECON has been closely correlated with EEMV. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if ECON jumps, then EEMV could also see price increases.
| Ticker / NAME | Correlation To ECON | 1D Price Change % | ||
|---|---|---|---|---|
| ECON | 100% | -1.10% | ||
| EEMV - ECON | 83% Closely correlated | -0.86% | ||
| SCHE - ECON | 23% Poorly correlated | -1.34% | ||
| EEM - ECON | 22% Poorly correlated | -1.32% | ||
| SPEM - ECON | 22% Poorly correlated | -1.35% | ||
| IEMG - ECON | 22% Poorly correlated | -1.27% | ||
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