OM.X in -1.96% downward trend, declining for three consecutive days on July 26, 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 OM.X declined for three days, in 202 of 337 cases, the price declined further within the following month. The odds of a continued downward trend are 60%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for OM.X moved out of overbought territory on July 22, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 22 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 51%.

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 OM.X as a result. In 59 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 56%.

The Moving Average Convergence Divergence Histogram (MACD) for OM.X turned negative on July 25, 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 54 similar instances when the indicator turned negative. In 26 of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at 48%.

OM.X broke above its upper Bollinger Band on July 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

$OM
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