Momentum Indicator for EWN turns positive, indicating new upward trend
EWN saw its Momentum Indicator move above the 0 level on January 06, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 85 similar instances where the indicator turned positive. In of the 85 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where EWN's Stochastic Oscillator exited the oversold zone 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 EWN just turned positive on January 06, 2025. Looking at past instances where EWN's MACD turned positive, the stock continued to rise in of 56 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 EWN advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
EWN 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.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWN 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 EWN entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Miscellaneous
EWN and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWN has been closely correlated with EWA. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if EWN jumps, then EWA could also see price increases.