ETHFI.X in -19.55% downward trend, declining for three consecutive days on August 05, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ETHFI.X declined for three days, in 25 of 33 cases, the price declined further within the following month. The odds of a continued downward trend are 76%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETHFI.X as a result. In 2 of 4 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 50%.

The Moving Average Convergence Divergence Histogram (MACD) for ETHFI.X turned negative on August 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 2 similar instances when the indicator turned negative. In 1 of the 2 cases the stock turned lower in the days that followed. This puts the odds of success at 50%.

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