AR.X's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for AR.X moved out of overbought territory on May 20, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 instances where the indicator moved out of the overbought zone. In 26 of the 34 cases the stock moved lower in the days that followed. This puts the odds of a move down at 76%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AR.X as a result. In 65 of 105 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 62%.

The Moving Average Convergence Divergence Histogram (MACD) for AR.X turned negative on June 06, 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 44 similar instances when the indicator turned negative. In 30 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 68%.

AR.X moved below its 50-day moving average on June 07, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for AR.X crossed bearishly below the 50-day moving average on June 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 15 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 67%.

$AR

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