Jumia Technologies AG (JMIA, $3.88) entered Downtrend as Momentum indicator drops below 0 level on Feb 19, 2025

#InternetRetail, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #SmallCap
JMIA - Jumia Technologies AG
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $3.88
Daily change: -$0.16 (-3.96%)
Daily volume: 5M
Capitalization: $475.2M
Industry: Internet Retail

This indicator may be signaling that JMIA's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 78 similar cases where JMIA's Momentum Indicator fell below the 0 level, and 71 of them led to a successful outcome. Odds of Success: 90%.