ChampionX (CHX, $29.12) entered Downtrend as Momentum indicator drops below 0 level on Feb 25, 2025

#OilfieldServicesEquipment, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #MidCap, #Russel2000
CHX - ChampionX Corp
Momentum signal
Bearish Trend
81%
Odds of DOWN Trend
Price: $29.12
Daily change: -$0.42 (-1.42%)
Daily volume: 5.6M
Capitalization: $5.6B
Industry: Oilfield Services/Equipment

This indicator may be signaling that CHX'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 77 similar cases where CHX's Momentum Indicator fell below the 0 level, and 62 of them led to a successful outcome. Odds of Success: 81%.