Danimer Scientific (DNMR, $4.13) entered Downtrend as Momentum indicator drops below 0 level on Dec 30, 2024

#ChemicalsSpecialty, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #MicroCap, #Russel2000
DNMR - Danimer Scientific
Momentum signal
Bearish Trend
88%
Odds of DOWN Trend
Price: $4.13
Daily change: -$0.59 (-12.5%)
Daily volume: 211.6K
Capitalization: $12.5M
Industry: Chemicals: Specialty

This indicator may be signaling that DNMR'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 73 similar cases where DNMR's Momentum Indicator fell below the 0 level, and 64 of them led to a successful outcome. Odds of Success: 88%.