Momentum Indicator for EUM turns negative, indicating new downward trend
EUM saw its Momentum Indicator move below the 0 level on April 21, 2025. 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 86 similar instances where the indicator turned negative. In of the 86 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 EUM turned negative on April 16, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
EUM moved below its 50-day moving average on April 24, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EUM crossed bearishly below the 50-day moving average on May 02, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 EUM 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 EUM entered a downward trend on May 07, 2025. 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 EUM's RSI Oscillator exited the oversold zone, of 31 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 15 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.
The 50-day moving average for EUM moved above the 200-day moving average on April 14, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EUM advanced for three days, in of 264 cases, the price rose further within the following month. The odds of a continued upward trend are .
EUM 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 Trading
EUM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EUM has been closely correlated with SOXS. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if EUM jumps, then SOXS could also see price increases.
| Ticker / NAME | Correlation To EUM | 1D Price Change % | ||
|---|---|---|---|---|
| EUM | 100% | +0.09% | ||
| SOXS - EUM | 69% Closely correlated | -3.11% | ||
| SPXU - EUM | 69% Closely correlated | -1.90% | ||
| SH - EUM | 69% Closely correlated | -0.64% | ||
| PSQ - EUM | 69% Closely correlated | -0.98% | ||
| SQQQ - EUM | 68% Closely correlated | -2.97% | ||
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