HEWJ iShares Currency Hedged MSCI Japan ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for HEWJ turns negative, indicating new downward trend
HEWJ saw its Momentum Indicator move below the 0 level on December 17, 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 101 similar instances where the indicator turned negative. In of the 101 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for HEWJ turned negative on December 17, 2024. 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 47 similar instances when the indicator turned negative. In of the 47 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 HEWJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 48 cases where HEWJ'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 .
HEWJ moved above its 50-day moving average on December 19, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HEWJ advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
HEWJ 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 JapanStock
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SDYAX | 17.53 | 0.20 | +1.15% |
| SEI Dynamic Asset Allocation F (SIMT) | |||
| HSSAX | 28.58 | 0.26 | +0.92% |
| Emerald Finance & Bking Innovt Fd A | |||
| GURPX | 32.02 | 0.25 | +0.79% |
| NAA Risk Managed Real Estate P | |||
| CGVGX | 23.64 | 0.15 | +0.64% |
| American Funds Global Insight 529-F-2 | |||
| TIOVX | 14.85 | -0.01 | -0.07% |
| Nuveen International Opps W | |||
HEWJ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, HEWJ has been closely correlated with DXJ. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if HEWJ jumps, then DXJ could also see price increases.
| Ticker / NAME | Correlation To HEWJ | 1D Price Change % | ||
|---|---|---|---|---|
| HEWJ | 100% | N/A | ||
| DXJ - HEWJ | 98% Closely correlated | +0.20% | ||
| DBJP - HEWJ | 96% Closely correlated | -0.09% | ||
| BBJP - HEWJ | 84% Closely correlated | -0.06% | ||
| FLJP - HEWJ | 83% Closely correlated | -0.04% | ||
| EWJ - HEWJ | 83% Closely correlated | -0.06% | ||
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