EOS.X sees MACD Histogram just turned negative
EOS.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 30, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 62 instances where the indicator turned negative. In 39 of the 62 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 63%.
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 EOS.X as a result. In 66 of 130 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 51%.
EOS.X moved below its 50-day moving average on June 05, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EOS.X crossed bearishly below the 50-day moving average on June 06, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 24 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 46%.
The 50-day moving average for EOS.X moved below the 200-day moving average on May 27, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EOS.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 51%.
The Aroon Indicator for EOS.X entered a downward trend on June 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
$EOS
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