OM.X in downward trend: price dove below 50-day moving average on August 11, 2024

OM.X moved below its 50-day moving average on August 11, 2024 date and that indicates a change from an upward trend to a downward trend. In 29 of 39 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 74%.

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