HEDJ Stock WisdomTree Europe Hedged Equity ETF (HEDJ, $43.26) entered Downtrend as Momentum indicator drops below 0 level on Nov 15, 2024
at Tickeron.com
Momentum Indicator for HEDJ turns negative, indicating new downward trend
HEDJ saw its Momentum Indicator move below the 0 level on November 15, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 100 similar instances where the indicator turned negative. In of the 100 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
HEDJ moved below its 50-day moving average on October 30, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HEDJ crossed bearishly below the 50-day moving average on October 31, 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HEDJ 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 HEDJ 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
HEDJ 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 EuropeStock