TRB.X sees MACD Histogram crosses below signal line

TRB.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on August 03, 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 45 of the 62 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 73%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TRB.X as a result. In 77 of 117 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 66%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TRB.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 66%.

The Aroon Indicator for TRB.X entered a downward trend on July 18, 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.

$TRB
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