89bio (ETNB, $9.62) entered Downtrend as Momentum indicator drops below 0 level on Jun 12, 2025

#Biotechnology, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #SmallCap, #Russel2000
ETNB - 89bio
Momentum signal
Bearish Trend
84%
Odds of DOWN Trend
Price: $9.62
Daily change: -$0.42 (-4.18%)
Daily volume: 4.5M
Capitalization: $1.4B
Industry: Biotechnology

This indicator may be signaling that ETNB'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 85 similar cases where ETNB's Momentum Indicator fell below the 0 level, and 71 of them led to a successful outcome. Odds of Success: 84%.