Borr Drilling (BORR, $3.74) entered Downtrend as Momentum indicator drops below 0 level on Dec 24, 2024

#ContractDrilling, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #SmallCap, #Russel2000
BORR - Borr Drilling Limited
Momentum signal
Bearish Trend
85%
Odds of DOWN Trend
Price: $3.74
Daily change: +$0.02 (+0.54%)
Daily volume: 2.6M
Capitalization: $915.5M
Industry: Contract Drilling

This indicator may be signaling that BORR'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 91 similar cases where BORR's Momentum Indicator fell below the 0 level, and 77 of them led to a successful outcome. Odds of Success: 85%.