TRB.X's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for TRB.X moved out of overbought territory on May 14, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 62 instances where the indicator moved out of the overbought zone. In 51 of the 62 cases the stock moved lower in the days that followed. This puts the odds of a move down at 82%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TRB.X as a result. In 73 of 110 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%.

The Moving Average Convergence Divergence Histogram (MACD) for TRB.X turned negative on May 18, 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 59 similar instances when the indicator turned negative. In 32 of the 59 cases the stock turned lower in the days that followed. This puts the odds of success at 54%.

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 65%.

TRB.X broke above its upper Bollinger Band on May 05, 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.

$TRB

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