Diamond Offshore Drilling (DO, $15.81) entered Downtrend as Momentum indicator drops below 0 level on Aug 01, 2024

#ContractDrilling, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #SmallCap, #Russel2000
DO - Diamond Offshore Drilling
Momentum signal
Bearish Trend
85%
Odds of DOWN Trend
Price: $15.81
Daily change: -$0.61 (-3.71%)
Daily volume: 3.1M
Capitalization: $1.6B
Industry: Contract Drilling

This indicator may be signaling that DO'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 61 similar cases where DO's Momentum Indicator fell below the 0 level, and 52 of them led to a successful outcome. Odds of Success: 85%.