EFNL sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for EFNL moved below the 200-day moving average on December 09, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EFNL as a result. In of 86 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 EFNL 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 EFNL entered a downward trend on December 06, 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EFNL's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for EFNL just turned positive on November 29, 2024. Looking at past instances where EFNL's MACD turned positive, the stock continued to rise in of 47 cases 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 EFNL advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .
EFNL 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 Miscellaneous
EFNL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EFNL has been loosely correlated with BBCA. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if EFNL jumps, then BBCA could also see price increases.
| Ticker / NAME | Correlation To EFNL | 1D Price Change % | ||
|---|---|---|---|---|
| EFNL | 100% | -0.91% | ||
| BBCA - EFNL | 62% Loosely correlated | -0.48% | ||
| EWY - EFNL | 6% Poorly correlated | -1.31% | ||
| EWA - EFNL | 3% Poorly correlated | +0.27% | ||
| EWU - EFNL | 2% Poorly correlated | -0.27% | ||
| EWC - EFNL | 2% Poorly correlated | -0.61% | ||
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