ENZL iShares MSCI New Zealand ETF Forecast, Technical & Fundamental Analysis
The investment seeks to track the investment results of the MSCI New Zealand All Cap Top 25 Capped Index... Show more
ENZL in upward trend: price expected to rise as it breaks its lower Bollinger Band on May 29, 2025
ENZL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 45 cases where ENZL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 04, 2025. You may want to consider a long position or call options on ENZL as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 ENZL advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 204 cases where ENZL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for ENZL turned negative on May 22, 2025. 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 40 similar instances when the indicator turned negative. In of the 40 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 ENZL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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General Information
Category Miscellaneous
ENZL and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, ENZL has been closely correlated with EWA. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if ENZL jumps, then EWA could also see price increases.
| Ticker / NAME | Correlation To ENZL | 1D Price Change % | ||
|---|---|---|---|---|
| ENZL | 100% | +0.62% | ||
| EWA - ENZL | 70% Closely correlated | +0.11% | ||
| BBCA - ENZL | 62% Loosely correlated | +0.13% | ||
| EWU - ENZL | 61% Loosely correlated | +0.07% | ||
| EWC - ENZL | 60% Loosely correlated | +0.15% | ||
| EWG - ENZL | 57% Loosely correlated | +0.26% | ||
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