DOGE.X in downward trend: 10-day moving average moved below 50-day moving average on June 11, 2024
The 10-day moving average for DOGE.X crossed bearishly below the 50-day moving average on June 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 18 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%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DOGE.X as a result. In 72 of 152 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 47%.
The Moving Average Convergence Divergence Histogram (MACD) for DOGE.X turned negative on May 31, 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 52 similar instances when the indicator turned negative. In 24 of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at 46%.
DOGE.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.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOGE.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 48%.
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