Qilian International Holding Group (BGM, $8.45) entered Downtrend as Momentum indicator drops below 0 level on Dec 31, 2024

#TechnicalAnalysis, #Momentum, #Bearish, #ETFs
BGM - Qilian International Holding Group Ltd
Momentum signal
Bearish Trend
90%
Odds of DOWN Trend
Price: $8.45
Daily change: -$0.4 (-4.52%)
Daily volume: 10.8K

This indicator may be signaling that BGM'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 BGM's Momentum Indicator fell below the 0 level, and 83 of them led to a successful outcome. Odds of Success: 90%.