EWV Stock ProShares UltraShort MSCI Japan (EWV, $42.96) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 15, 2024

GET DAILY SIGNALS

Get AI intraday signals

EWV - ProShares UltraShort MSCI Japan

MACD signal

View

Odds of UP Trend

Price: $42.96

Daily change: +$0.34 (+0.8%)

Daily volume: 2.8K

Net Assets: $6.8M

EWV in upward trend: 10-day moving average broke above 50-day moving average on October 22, 2024

The 10-day moving average for EWV crossed bullishly above the 50-day moving average on October 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 13, 2024. You may want to consider a long position or call options on EWV as a result. In of 97 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 EWV just turned positive on November 15, 2024. Looking at past instances where EWV's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

EWV moved above its 50-day moving average on November 08, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EWV advanced for three days, in of 261 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 125 cases where EWV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for EWV moved out of overbought territory on October 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where EWV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

EWV broke above its upper Bollinger Band on October 21, 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.