EUDG WisdomTree Europe Quality Div Gr ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for EUDG turns negative, indicating new downward trend
EUDG saw its Momentum Indicator move below the 0 level on December 16, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned negative. In of the 79 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for EUDG 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 .
The 50-day moving average for EUDG moved below the 200-day moving average on December 02, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EUDG 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 EUDG entered a downward trend on December 03, 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 Indicator entered the oversold zone -- be on the watch for EUDG's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EUDG advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
EUDG 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 EuropeStock
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| GAUAX | 5.42 | N/A | N/A |
| Gabelli Utilities A | |||
| MSELX | 20.26 | -0.34 | -1.65% |
| Morgan Stanley Inst Emerging Mkts L | |||
| WISNX | 12.24 | -0.23 | -1.84% |
| William Blair International Sm Cap Gr N | |||
| LYRNX | 11.45 | -0.31 | -2.64% |
| Lyrical International Value Equity Inv | |||
| IGRFX | 30.17 | -1.24 | -3.95% |
| Delaware Ivy Mid Cap Growth R6 | |||
EUDG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EUDG has been closely correlated with BBEU. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if EUDG jumps, then BBEU could also see price increases.
| Ticker / NAME | Correlation To EUDG | 1D Price Change % | ||
|---|---|---|---|---|
| EUDG | 100% | -2.30% | ||
| BBEU - EUDG | 97% Closely correlated | -2.32% | ||
| IEUR - EUDG | 97% Closely correlated | -2.29% | ||
| IEUS - EUDG | 86% Closely correlated | -2.38% | ||
| VGK - EUDG | 9% Poorly correlated | -2.32% | ||
| EZU - EUDG | 9% Poorly correlated | -2.51% | ||
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