DOGE.X's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for DOGE.X moved out of overbought territory on July 22, 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 45 instances where the indicator moved out of the overbought zone. In 29 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a move down at 64%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on July 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on DOGE.X as a result. In 73 of 151 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 48%.

The Moving Average Convergence Divergence Histogram (MACD) for DOGE.X turned negative on July 31, 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 49 similar instances when the indicator turned negative. In 24 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 49%.

DOGE.X moved below its 50-day moving average on July 31, 2024 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for DOGE.X moved below the 200-day moving average on July 17, 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 DOGE.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 49%.

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