ETHFI.X's Indicator enters downward trend

The Aroon Indicator for ETHFI.X entered a downward trend on August 12, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 32 similar instances where the Aroon Indicator formed such a pattern. In 30 of the 32 cases the stock moved lower. This puts the odds of a downward move at 90%.

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on August 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETHFI.X as a result. In 3 of 4 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 75%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETHFI.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 77%.

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