Momentum Indicator for ETHFI.X turns negative, indicating new downward trend

ETHFI.X saw its Momentum Indicator move below the 0 level on July 25, 2024. 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 4 similar instances where the indicator turned negative. In 3 of the 4 cases, the stock moved further down in the following days. The odds of a decline are at 75%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for ETHFI.X turned negative on August 01, 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 A.I.dvisor looked at 2 similar instances when the indicator turned negative. In 1 of the 2 cases the stock turned lower in the days that followed. This puts the odds of success at 50%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETHFI.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 75%.

$ETHFI
#HotTrends #Tickeron #TechnicalAnalysis #signals #AI_Tickeron