EEMO Stock Invesco S&P Emerging Markets Mom ETF (EEMO, $16.76) price exceeded its 50-day Moving Average on October 07, 2024
EEMO in downward trend: price may drop because broke its higher Bollinger Band on September 24, 2024
EEMO broke above its upper Bollinger Band on September 24, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 46 similar instances where the stock broke above the upper band. In of the 46 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for EEMO moved out of overbought territory on September 27, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EEMO 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 EEMO entered a downward trend on September 19, 2024. 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 Momentum Indicator moved above the 0 level on October 14, 2024. You may want to consider a long position or call options on EEMO as a result. In of 83 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 EEMO just turned positive on October 11, 2024. Looking at past instances where EEMO's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
EEMO moved above its 50-day moving average on October 08, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EEMO crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 EEMO advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category DiversifiedEmergingMkts