Momentum Indicator for EWK turns negative, indicating new downward trend
EWK saw its Momentum Indicator move below the 0 level on December 12, 2024. 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 90 similar instances where the indicator turned negative. In of the 90 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWK 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 EWK entered a downward trend on December 02, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where EWK's RSI Oscillator exited the oversold zone, of 28 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 3 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 Moving Average Convergence Divergence (MACD) for EWK just turned positive on November 27, 2024. Looking at past instances where EWK'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWK advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
EWK 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 Miscellaneous
EWK and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWK has been loosely correlated with BBCA. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if EWK jumps, then BBCA could also see price increases.