EWM sees MACD Histogram crosses below signal line
EWM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 24, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 32 instances where the indicator turned negative. In of the 32 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 10-day RSI Indicator for EWM moved out of overbought territory on November 08, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 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 .
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 .
EWM broke above its upper Bollinger Band on November 03, 2023. 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 24, 2023. You may want to consider a long position or call options on EWM as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
EWM moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EWM crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 EWM advanced for three days, in of 274 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 209 cases where EWM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Industry description
General Information
Category Miscellaneous
EWM and
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.