EWG Stock iShares MSCI Germany ETF (EWG, $33.01) Stochastic Oscillator left the overbought zone on December 16, 2024

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EWG - iShares MSCI Germany ETF

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Odds of DOWN Trend

Price: $33.01

Daily change: -$0.11 (-0.33%)

Daily volume: 887.6K

Net Assets: $895.5M

EWG's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for EWG moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 instances where the indicator moved out of the overbought zone. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where EWG's Stochastic Oscillator exited the overbought zone, the price fell further within 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 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 November 29, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 27, 2024. 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 November 27, 2024. 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 December 03, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for EWG crossed bullishly above the 50-day moving average on December 10, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 .

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 .

The Aroon Indicator entered an Uptrend today. In of 265 cases where EWG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .