EWM in downward trend: price may drop because broke its higher Bollinger Band on December 05, 2024
EWM broke above its upper Bollinger Band on December 05, 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. The A.I.dvisor looked at 45 similar instances where the stock broke above the upper band. In of the 45 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where EWM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EWM as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 EWM 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 EWM entered a downward trend on November 26, 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 points to a transition from a downward trend to an upward trend -- in cases where EWM's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EWM just turned positive on November 25, 2024. Looking at past instances where EWM's MACD turned positive, the stock continued to rise in of 34 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 EWM advanced for three days, in of 282 cases, the price rose further within the following month. The odds of a continued upward trend are .
General Information
Category Miscellaneous
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FIMPX | 37.57 | N/A | N/A |
| Nuveen Small Cap Growth Opp I | |||
| OIIEX | 12.99 | -0.03 | -0.23% |
| Optimum International Instl | |||
| COFRX | 37.51 | -0.10 | -0.27% |
| Columbia Contrarian Core Inst2 | |||
| NWAKX | 20.47 | -0.09 | -0.44% |
| Nationwide Janus Henderson Ovrs InsSvc | |||
| FTXAX | 48.79 | -0.66 | -1.33% |
| FullerThaler Behavioral Sm-Cp Gr A | |||
EWM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWM has been loosely correlated with EWA. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if EWM jumps, then EWA could also see price increases.