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EWY Stock iShares MSCI South Korea ETF (EWY, $52.11) Moving Average Convergence Divergence (MACD) Histogram turned negative on December 18, 2024

A.I.dvisor
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EWY - iShares MSCI South Korea ETF
MACD signal
Bearish Trend
Odds of DOWN Trend
Tickeron
MACD signal
Price: $52.11
Daily change: -$1.46 (-2.73%)
Daily volume: 4.7M
Net Assets: $3.5B
This is a Bearish indicator signaling EWY's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 48 similar cases where EWY's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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 2 days, which means it's wise to expect a price bounce in the near future.

The Momentum Indicator moved above the 0 level on December 23, 2024. You may want to consider a long position or call options on EWY as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 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.

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EWY
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