DIA.X sees MACD Histogram just turned negative
DIA.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on December 10, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 57 instances where the indicator turned negative. In 34 of the 57 cases the stock moved lower in the days that followed. 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 December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DIA.X as a result. In 75 of 137 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 55%.
DIA.X moved below its 50-day moving average on December 14, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for DIA.X crossed bearishly below the 50-day moving average on December 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 19 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 47%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIA.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 57%.
DIA.X broke above its upper Bollinger Band on December 03, 2024. 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.
