HEWJ Stock iShares Currency Hedged MSCI Japan ETF (HEWJ, $42.01) entered Downtrend as Momentum indicator drops below 0 level on Nov 20, 2024

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HEWJ - iShares Currency Hedged MSCI Japan ETF

Momentum signal

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Odds of DOWN Trend

Price: $42.01

Daily change: -$0.17 (-0.4%)

Daily volume: 11.3K

Net Assets: $349.7M

Momentum Indicator for HEWJ turns negative, indicating new downward trend

HEWJ saw its Momentum Indicator move below the 0 level on November 20, 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 November 15, 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 .

HEWJ broke above its upper Bollinger Band on November 06, 2024. 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.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

HEWJ moved above its 50-day moving average on October 25, 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 348 cases, the price rose further within the following month. The odds of a continued upward trend are .