HEZU iShares Currency Hedged MSCI Eurozn ETF Forecast, Technical & Fundamental Analysis
HEZU in upward trend: 10-day moving average crossed above 50-day moving average on November 13, 2023
The 10-day moving average for HEZU crossed bullishly above the 50-day moving average on November 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 01, 2023. You may want to consider a long position or call options on HEZU as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HEZU just turned positive on November 01, 2023. Looking at past instances where HEZU's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
HEZU moved above its 50-day moving average on November 08, 2023 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 HEZU advanced for three days, in of 349 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 312 cases where HEZU 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 21 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 HEZU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HEZU 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)
Industry description
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category EuropeStock
HEZU and
Correlation & Price change
A.I.dvisor indicates that over the last year, HEZU has been closely correlated with IEV. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if HEZU jumps, then IEV could also see price increases.
| Ticker / NAME | Correlation To HEZU | 1D Price Change % | ||
|---|---|---|---|---|
| HEZU | 100% | +0.02% | ||
| IEV - HEZU | 69% Closely correlated | -0.47% | ||
| EZU - HEZU | 55% Loosely correlated | -0.39% | ||
| FEZ - HEZU | 55% Loosely correlated | -0.24% | ||
| BBEU - HEZU | 53% Loosely correlated | -0.33% | ||
| IEUR - HEZU | 53% Loosely correlated | -0.51% | ||
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