MDX.X in -33.48% downward trend, declining for three consecutive days on March 20, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MDX.X declined for three days, in 209 of 308 cases, the price declined further within the following month. The odds of a continued downward trend are 68%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 24 of 36 cases where MDX.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 67%.
The Momentum Indicator moved below the 0 level on March 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MDX.X as a result. In 48 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 64%.
The Moving Average Convergence Divergence Histogram (MACD) for MDX.X turned negative on March 15, 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 39 similar instances when the indicator turned negative. In 20 of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at 51%.
MDX.X moved below its 50-day moving average on March 20, 2024 date and that indicates a change from an upward trend to a downward trend.
$MDX
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