ETHFI.X in a downtrend -19.55%, down for three consecutive days on August 05, 2024

A three-day decline is considered a bearish sign. Watch this stock for further price declines in the future. Looking at data from ETHFI.X three-day declines, in 25 out of 33 cases, the price fell further in the following month. The probability of a continued downtrend is 76%.

Technical Analysis (Indicators)

Downtrend Analysis

The Momentum Indicator fell below zero on July 25, 2024. Therefore, you can consider selling the stock, shorting the stock, or exploring put options on ETHFI.X. In 2 out of 4 cases where the Momentum Indicator fell below zero, the stock fell further in the following month. The probability of a continued downtrend is 50%.

The Moving Average Convergence Divergence (MACD) histogram for ETHFI.X turned negative on August 1, 2024. This could be a sign that the stock will decline in the coming weeks. Traders may want to sell the stock or buy a put option. Tickeron's A.I.dvisor looked at 2 similar cases where the indicator turned negative. In 1 of the 2 cases, the stock declined in the following days. This brings the success rate to 50%.

$ETHFI #HotTrends#Tickeron#TechnicalAnalysis#signals #AI_Tickeron