EFAX SPDR® MSCI EAFE Fssl Ful Free RsrvETF Forecast, Technical & Fundamental Analysis
EFAX sees MACD Histogram just turned negative
EFAX saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In of the 44 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 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EFAX as a result. In of 81 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 EFAX 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 EFAX entered a downward trend on September 29, 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 points to a transition from a downward trend to an upward trend -- in cases where EFAX's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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.
EFAX 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)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ForeignLargeBlend
EFAX and
Correlation & Price change
A.I.dvisor indicates that over the last year, EFAX has been closely correlated with EFA. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if EFAX jumps, then EFA could also see price increases.
| Ticker / NAME | Correlation To EFAX | 1D Price Change % | ||
|---|---|---|---|---|
| EFAX | 100% | -0.13% | ||
| EFA - EFAX | 95% Closely correlated | -0.29% | ||
| IEFA - EFAX | 95% Closely correlated | -0.33% | ||
| VEA - EFAX | 94% Closely correlated | -0.32% | ||
| VEU - EFAX | 92% Closely correlated | -0.29% | ||
| VXUS - EFAX | 92% Closely correlated | -0.21% |