ALPHA.X in downward trend: price dove below 50-day moving average on October 01, 2024

ALPHA.X moved below its 50-day moving average on October 01, 2024 date and that indicates a change from an upward trend to a downward trend. In 12 of 16 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 75%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for ALPHA.X moved out of overbought territory on September 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 14 similar instances where the indicator moved out of overbought territory. In 10 of the 14 cases, the stock moved lower in the following days. This puts the odds of a move lower at 71%.

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 14 of 24 cases where ALPHA.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 58%.

The Momentum Indicator moved below the 0 level on October 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ALPHA.X as a result. In 28 of 51 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%.

The Moving Average Convergence Divergence Histogram (MACD) for ALPHA.X turned negative on October 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 23 similar instances when the indicator turned negative. In 11 of the 23 cases the stock turned lower in the days that followed. This puts the odds of success at 48%.

$ALPHA

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