EWQ Stock Tickeron detected bearish ETF Pattern: Broadening Wedge Descending EWQ on November 11, 2024, netting in a 2.60% gain over 4 days

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EWQ - iShares MSCI France ETF

Ticker: EWQ

Company: iShares MSCI France ETF

Gain from shortening: +2.6%

Confirmed: 11/11/24

Succeeded: 11/12/24

Total length: 4 days

EWQ sees its 50-day moving average cross bearishly below its 200-day moving average

The 50-day moving average for EWQ moved below the 200-day moving average on November 04, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Technical Analysis (Indicators)

Bearish Trend Analysis

EWQ moved below its 50-day moving average on October 15, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EWQ crossed bearishly below the 50-day moving average on October 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 .

The Aroon Indicator for EWQ entered a downward trend on November 15, 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EWQ's RSI Oscillator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWQ advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

EWQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.