EWI Stock Tickeron detected bearish ETF Pattern: Dead Cat Bounce EWI on November 05, 2024, netting in a 0.18% gain over 4 days

GET DAILY SIGNALS

Get AI intraday signals

EWI - iShares MSCI Italy ETF

Ticker: EWI

Company: iShares MSCI Italy ETF

Gain from shortening: +0.18%

Confirmed: 11/05/24

Succeeded: 11/05/24

Total length: 4 days

EWI sees MACD Histogram crosses below signal line

EWI saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 24, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 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 Momentum Indicator moved below the 0 level on October 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EWI as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

EWI moved below its 50-day moving average on October 30, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EWI crossed bearishly below the 50-day moving average on November 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 EWI 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 EWI entered a downward trend on November 22, 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 demonstrates 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.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 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.

EWI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.