EWY sees MACD Histogram just turned negative
EWY saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 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 December 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EWY as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 EWY 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 EWY entered a downward trend on December 12, 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 EWY's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, 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 EWY advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .
EWY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Miscellaneous
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EWY and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWY has been closely correlated with FLKR. These tickers have moved in lockstep 99% of the time. This A.I.-generated data suggests there is a high statistical probability that if EWY jumps, then FLKR could also see price increases.
| Ticker / NAME | Correlation To EWY | 1D Price Change % | ||
|---|---|---|---|---|
| EWY | 100% | -0.48% | ||
| FLKR - EWY | 99% Closely correlated | -0.64% | ||
| MKOR - EWY | 95% Closely correlated | -0.77% | ||
| EWA - EWY | 66% Closely correlated | -0.25% | ||
| FLAU - EWY | 64% Loosely correlated | -0.42% | ||
| KPOP - EWY | 64% Loosely correlated | -1.93% | ||
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