EWP sees MACD Histogram crosses below signal line
EWP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative. In of the 38 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 Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EWP 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 .
EWP moved below its 50-day moving average on August 31, 2023 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 EWP 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 EWP entered a downward trend on September 15, 2023. 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 Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWP advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
EWP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
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EWP and
Correlation & Price change
A.I.dvisor indicates that over the last year, EWP has been closely correlated with EWU. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if EWP jumps, then EWU could also see price increases.