EWY Stock Tickeron detected bearish ETF Pattern: Three Falling Peaks EWY on November 05, 2024, netting in a 6.65% gain over 1 week

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EWY - iShares MSCI South Korea ETF

Ticker: EWY

Company: iShares MSCI South Korea ETF

Gain from shortening: +6.65%

Confirmed: 11/05/24

Succeeded: 11/12/24

Total length: 8 days

EWY in -0.69% downward trend, sliding for three consecutive days on November 20, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where EWY declined for three days, in of 290 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 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 .

The Aroon Indicator for EWY entered a downward trend on November 20, 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 suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 59 cases where EWY's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 305 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.