DASH.X's Indicator enters downward trend

The Aroon Indicator for DASH.X entered a downward trend on June 25, 2024. Tickeron's A.I.dvisor 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. A.I.dvisor looked at 257 similar instances where the Aroon Indicator formed such a pattern. In 155 of the 257 cases the stock moved lower. This puts the odds of a downward move at 60%.

Technical Analysis (Indicators)

Bearish Trend Analysis

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 put options on DASH.X as a result. In 66 of 133 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 50%.

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 11 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 50%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DASH.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.

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