BNB.X sees MACD Histogram just turned negative
BNB.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 30, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 59 instances where the indicator turned negative. In 30 of the 59 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 51%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNB.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 41%.
