Carvana (CVNA, $203.66) entered Downtrend as Momentum indicator drops below 0 level on Apr 10, 2025

#SpecialtyStores, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #LargeCap, #Russel2000
CVNA - Carvana Co
Momentum signal
Bearish Trend
86%
Odds of DOWN Trend
Price: $203.66
Daily change: -$16.78 (-7.61%)
Daily volume: 6.5M
Capitalization: $27.4B
Industry: Specialty Stores

This indicator may be signaling that CVNA'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 71 similar cases where CVNA's Momentum Indicator fell below the 0 level, and 61 of them led to a successful outcome. Odds of Success: 86%.