Danimer Scientific (DNMR, $3.23) Aroon Indicator entered a Downtrend on December 24, 2024.

#ChemicalsSpecialty, #TechnicalAnalysis, #AROON, #Bearish, #Stocks, #MicroCap, #Russel2000
DNMR - Danimer Scientific
Aroon signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $3.23
Daily change: -$0.58 (-15.22%)
Daily volume: 123.5K
Capitalization: $9.8M
Industry: Chemicals: Specialty

For the last three days, A.I.dvisor has detected that DNMR'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 DNMR, 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 330 similar cases, 299 of which were successful. Based on this data, the odds of success are 90%.