$SOL Indicator enters downward trend

The Aroon Indicator for SOL.X entered a downward trend on July 08, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 186 similar instances where the Aroon Indicator formed such a pattern. In 125 of the 186 cases the stock moved lower. This puts the odds of a downward move at 67%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 39 of 69 cases where SOL.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 57%.

The Momentum Indicator moved below the 0 level on July 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SOL.X as a result. In 70 of 112 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%.

SOL.X moved below its 50-day moving average on June 11, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for SOL.X crossed bearishly below the 50-day moving average on June 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 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 53%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SOL.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 65%.

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