EWG in upward trend: 10-day moving average crossed above 50-day moving average on January 17, 2025
The 10-day moving average for EWG crossed bullishly above the 50-day moving average on January 17, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over 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 January 14, 2025. You may want to consider a long position or call options on EWG as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EWG just turned positive on January 14, 2025. Looking at past instances where EWG'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 .
EWG moved above its 50-day moving average on January 14, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWG advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EWG broke above its upper Bollinger Band on January 17, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for EWG entered a downward trend on January 14, 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.
General Information
Category Miscellaneous
EWG and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWG has been closely correlated with EWA. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if EWG jumps, then EWA could also see price increases.