Diamond Offshore Drilling (DO, $16.1) RSI Indicator left the overbought zone on July 18, 2024

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DO - Diamond Offshore Drilling
RSI signal
Bearish Trend
81%
Odds of DOWN Trend
Price: $16.1
Daily change: -$0.18 (-1.11%)
Daily volume: 1.1M
Capitalization: $1.7B
Industry: Contract Drilling

This is a signal that DO's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 21 similar cases where DO's RSI Indicator left the overbought zone, and in 17 of them led to a successful outcome. Odds of Success: 81%.