EWM in -2.84% downward trend, falling for three consecutive days on December 18, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where EWM declined for three days, in of 302 cases, the price declined further within the following month. The odds of a continued downward trend are .
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 .
EWM moved below its 50-day moving average on January 08, 2025 date and that indicates a change from an upward trend to a downward trend.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EWM's RSI Indicator exited the oversold zone, of 36 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 27, 2024. You may want to consider a long position or call options on EWM as a result. In of 89 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 EWM just turned positive on December 27, 2024. Looking at past instances where EWM's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for EWM crossed bullishly above the 50-day moving average on January 07, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 278 cases, the price rose further within the following month. The odds of a continued upward trend are .
EWM 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
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.