EWY's Stochastic Oscillator stays in oversold zone for 8 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 uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator demonstrates 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 303 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.
The Aroon Indicator entered an Uptrend today. In of 192 cases where EWY 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 Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EWY as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for EWY turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Fundamental Analysis (Ratings)
Industry description
General Information
Category Miscellaneous
EWY and
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 94% 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% | -1.01% | ||
| FLKR - EWY | 94% Closely correlated | -1.10% | ||
| EWA - EWY | 75% Closely correlated | -1.33% | ||
| EWC - EWY | 69% Closely correlated | -1.19% | ||
| EWN - EWY | 69% Closely correlated | -1.34% | ||
| BBCA - EWY | 68% Closely correlated | -1.16% | ||
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