LIVEDASH.X's Indicator enters downward trend
The Aroon Indicator for DASH.X entered a downward trend on June 13, 2024. Tickeron's AI identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. AI looked at 264 similar instances where the Aroon Indicator formed such a pattern. In 165 of the 264 cases the stock moved lower. This puts the odds of a downward move at 62%.
TA (Indicators)
The Momentum Indicator moved below the 0 level on June 06, 2024. You may want to consider selling the stock, shorting the stock, or exploring options on DASH.X as a result. In 58 of 135 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 43%.
The Moving Average Convergence Divergence Histogram (MACD) for DASH.X turned negative on June 07, 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 AI looked at 59 similar instances when the indicator turned negative. In 33 of the 59 cases the stock turned lower in the days that followed. This puts the odds of success at 56%.
DASH.X moved below its 50-day moving average on June 07, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DASH.X crossed bearishly below the 50-day moving average on June 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 22 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 32%.
The 50-day moving average for DASH.X moved below the 200-day moving average on May 17, 2024. This could be a long-term bearish signal for the stock as the stock shifts to a downward trend.
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