Skillz (SKLZ, $5.48) Aroon Indicator entered a Downtrend on October 17, 2024.

#PackagedSoftware, #TechnicalAnalysis, #AROON, #Bearish, #Stocks, #MicroCap
SKLZ - Skillz
Aroon signal
Bearish Trend
88%
Odds of DOWN Trend
Price: $5.48
Daily change: +$0.08 (+1.48%)
Daily volume: 86.3K
Industry: Packaged Software

For the last three days, A.I.dvisor has detected that SKLZ's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for SKLZ, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 295 similar cases, 260 of which were successful. Based on this data, the odds of success are 88%.