LIVEEOS.X in downward trend: price expected to drop as it breaks its higher Bollinger Band on March 07, 2024
EOS.X broke above its upper Bollinger Band on March 07, 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. The A.I.dvisor looked at 77 similar instances where the stock broke above the upper band. In 46 of the 77 cases the stock fell afterwards. This puts the odds of success at 60%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for EOS.X moved out of overbought territory on March 12, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In 28 of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at 58%.
The Momentum Indicator moved below the 0 level on March 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EOS.X as a result. In 67 of 130 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 52%.
The Moving Average Convergence Divergence Histogram (MACD) for EOS.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 61 similar instances when the indicator turned negative. In 36 of the 61 cases the stock turned lower in the days that followed. This puts the odds of success at 59%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EOS.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 50%.
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