BAKE.X Crypto BakeryToken cryptocurrency (BAKE.X, $0.27) price may drop as it broke higher Bollinger Band on Sep 20, 2024
BAKE.X's Stochastic Oscillator is remaining in overbought zone for 2 days
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for BAKE.X crossed bearishly below the 50-day moving average on October 01, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAKE.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on BAKE.X as a result. In of 103 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BAKE.X just turned positive on October 11, 2024. Looking at past instances where BAKE.X's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
BAKE.X moved above its 50-day moving average on October 10, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BAKE.X advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
BAKE.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 224 cases where BAKE.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 14.00% within the next month with a likelihood of 67%.
