OOKI.X sees MACD Histogram crosses below signal line

OOKI.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 04, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 23 instances where the indicator turned negative. In 17 of the 23 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 74%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on OOKI.X as a result. In 36 of 63 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 57%.

OOKI.X moved below its 50-day moving average on August 26, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OOKI.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 62%.

$OOKI
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