OOKI.X sees MACD Histogram just turned negative

OOKI.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on August 01, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 21 instances where the indicator turned negative. In 15 of the 21 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 71%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on OOKI.X as a result. In 31 of 60 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 52%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OOKI.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 59%.

$OOKI
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