EZA Stock Tickeron detected bearish ETF Pattern: Head-and-Shoulders Top EZA on November 05, 2024, netting in a 4.20% gain over 7 days

GET DAILY SIGNALS

Get AI intraday signals

EZA - iShares MSCI South Africa ETF

Ticker: EZA

Company: iShares MSCI South Africa ETF

Gain from shortening: +4.2%

Confirmed: 11/05/24

Succeeded: 11/11/24

Total length: 7 days

EZA in -1.62% downward trend, falling for three consecutive days on November 14, 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 EZA declined for three days, in of 288 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 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EZA as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

EZA moved below its 50-day moving average on November 11, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for EZA crossed bearishly below the 50-day moving average on November 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EZA's RSI Oscillator exited the oversold zone, of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EZA advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

EZA 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 194 cases where EZA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .