Neonode (NEON, $8.73) entered Downtrend as Momentum indicator drops below 0 level on Feb 25, 2025

#ElectronicComponents, #TechnicalAnalysis, #Momentum, #Bearish, #Stocks, #MicroCap
NEON - Neonode
Momentum signal
Bearish Trend
87%
Odds of DOWN Trend
Price: $8.73
Daily change: -$0.18 (-2.02%)
Daily volume: 96K
Capitalization: $146.5M
Industry: Electronic Components

This indicator may be signaling that NEON'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 87 similar cases where NEON's Momentum Indicator fell below the 0 level, and 76 of them led to a successful outcome. Odds of Success: 87%.