Momentum Indicator for EWV turns negative, indicating new downward trend
EWV saw its Momentum Indicator move below the 0 level on June 26, 2025. 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 95 similar instances where the indicator turned negative. In of the 95 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 EWV turned negative on June 27, 2025. 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 52 similar instances when the indicator turned negative. In of the 52 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 EWV 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 EWV entered a downward trend on June 06, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where EWV's RSI Indicator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
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.
EWV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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General Information
Category Trading
EWV and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, EWV has been loosely correlated with TZA. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if EWV jumps, then TZA could also see price increases.
| Ticker / NAME | Correlation To EWV | 1D Price Change % | ||
|---|---|---|---|---|
| EWV | 100% | -3.87% | ||
| TZA - EWV | 56% Loosely correlated | -0.25% | ||
| NVDD - EWV | 41% Loosely correlated | -1.69% | ||
| JETD - EWV | 31% Poorly correlated | -5.35% | ||
| CARD - EWV | 27% Poorly correlated | -2.44% | ||
| SDS - EWV | 23% Poorly correlated | -0.88% | ||
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