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HEWJ
ETF ticker: NYSE ARCA
AS OF
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Net Assets
235.28M

HEWJ iShares Currency Hedged MSCI Japan ETF Forecast, Technical & Fundamental Analysis

Category JapanStock
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for HEWJ with price predictions
07:00 PM EST Nov 26, 2023

Momentum Indicator for HEWJ turns positive, indicating new upward trend

HEWJ saw its Momentum Indicator move above the 0 level on November 01, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 106 similar instances where the indicator turned positive. In of the 106 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for HEWJ just turned positive on October 31, 2023. Looking at past instances where HEWJ's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

HEWJ moved above its 50-day moving average on October 31, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for HEWJ crossed bullishly above the 50-day moving average on November 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. 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 HEWJ advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 305 cases where HEWJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for HEWJ moved out of overbought territory on November 20, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

HEWJ broke above its upper Bollinger Band on November 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

The investment seeks to track the investment results of the MSCI Japan 100% Hedged to USD Index. The fund generally will invest at least 80% of its assets in the component securities and other instruments of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of the large- and mid-capitalization segments of the Japanese equity market with the currency risk inherent in the securities included in the underlying index hedged to the U.S. dollar on a monthly basis.
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A.I. Advisor
published General Information

General Information

Category JapanStock

Profile
Fundamentals
Details
Category
Japan Stock
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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HEWJ and

Correlation & Price change

A.I.dvisor indicates that over the last year, HEWJ has been loosely correlated with DXJ. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if HEWJ jumps, then DXJ could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To HEWJ
1D Price
Change %
HEWJ100%
-0.64%
DXJ - HEWJ
45%
Loosely correlated
-0.53%
DXJS - HEWJ
42%
Loosely correlated
-0.34%
DBJP - HEWJ
32%
Poorly correlated
-0.55%
EWJ - HEWJ
32%
Poorly correlated
-0.08%
BBJP - HEWJ
31%
Poorly correlated
-0.04%
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