EEMA iShares MSCI Emerging Markets Asia ETF Forecast, Technical & Fundamental Analysis
EEMA's Indicator enters downward trend
The Aroon Indicator for EEMA entered a downward trend on November 22, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 175 similar instances where the Aroon Indicator formed such a pattern. In of the 175 cases the stock moved lower. 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 EEMA as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EEMA turned negative on December 18, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EEMA 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 shows that the ticker has stayed in the oversold zone for 3 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 EEMA advanced for three days, in of 303 cases, the price rose further within the following month. The odds of a continued upward trend are .
EEMA 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 PacificAsiaexJapanStk
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MMUHX | 22.39 | 0.31 | +1.40% |
| MFS Utilities R3 | |||
| MRDVX | 19.22 | 0.22 | +1.16% |
| BlackRock Equity Dividend R | |||
| KNGCX | 12.18 | 0.10 | +0.83% |
| Vest S&P500 Div Aristocrats Trgt Inc C | |||
| VADGX | 29.77 | 0.22 | +0.74% |
| Vanguard Advice Select Dividend Gr Admrl | |||
| TSFIX | 15.59 | 0.10 | +0.65% |
| Touchstone Small Cap Institutional | |||
EEMA and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EEMA 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 EEMA jumps, then AAXJ could also see price increases.
| Ticker / NAME | Correlation To EEMA | 1D Price Change % | ||
|---|---|---|---|---|
| EEMA | 100% | -0.29% | ||
| AAXJ - EEMA | 97% Closely correlated | +0.19% | ||
| FLAX - EEMA | 95% Closely correlated | +0.10% | ||
| ASIA - EEMA | 95% Closely correlated | -0.66% | ||
| AIA - EEMA | 94% Closely correlated | +0.40% | ||
| MINV - EEMA | 90% Closely correlated | +0.33% | ||
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