EWQ's RSI Oscillator climbs out of oversold territory
The RSI Indicator for EWQ moved out of oversold territory on November 27, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In of the 27 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 04, 2024. You may want to consider a long position or call options on EWQ as a result. In of 83 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 EWQ just turned positive on November 29, 2024. Looking at past instances where EWQ's MACD turned positive, the stock continued to rise in of 47 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 EWQ advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where EWQ'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 EWQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EWQ 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 Aroon Indicator for EWQ entered a downward trend on December 06, 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.
General Information
Category Miscellaneous
EWQ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWQ has been closely correlated with EWU. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if EWQ jumps, then EWU could also see price increases.