UAE iShares MSCI UAE ETF Forecast, Technical & Fundamental Analysis

UAE in upward trend: price may jump up because it broke its lower Bollinger Band on September 05, 2023

UAE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where UAE's price broke its lower Bollinger Band, its price rose further in 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 September 13, 2023. You may want to consider a long position or call options on UAE as a result. In of 88 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 UAE just turned positive on September 13, 2023. Looking at past instances where UAE's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

UAE moved above its 50-day moving average on September 20, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for UAE crossed bullishly above the 50-day moving average on September 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 UAE advanced for three days, in of 287 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for UAE moved out of overbought territory on September 26, 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 33 similar instances where the indicator moved out of overbought territory. In of the 33 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 7 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 UAE 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 UAE entered a downward trend on September 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)