EWD Stock iShares MSCI Sweden ETF (EWD, $41.2) price exceeded its 50-day Moving Average on October 15, 2024

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EWD - iShares MSCI Sweden ETF

Moving Avg. signal

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Odds of DOWN Trend

Price: $41.2

Daily change: -$0.47 (-1.13%)

Daily volume: 1.6M

Net Assets: $315.5M

EWD sees MACD Histogram crosses below signal line

EWD saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 03, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In of the 46 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 10-day RSI Indicator for EWD moved out of overbought territory on September 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on October 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EWD as a result. In of 95 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

EWD moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWD advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .