BNT.X Crypto Tickeron detected bearish Crypto Pattern: Head-and-Shoulders Top BNT.X on September 01, 2024, netting in a 10.35% gain over 2 weeks
BNT.X in downward trend: price expected to drop as it breaks its higher Bollinger Band on October 20, 2024
BNT.X broke above its upper Bollinger Band on October 20, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 62 similar instances where the stock broke above the upper band. In of the 62 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BNT.X moved out of overbought territory on October 21, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator moved out of overbought territory. In of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNT.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 11, 2024. You may want to consider a long position or call options on BNT.X as a result. In of 136 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 BNT.X just turned positive on October 14, 2024. Looking at past instances where BNT.X's MACD turned positive, the stock continued to rise in of 63 cases over the following month. The odds of a continued upward trend are .
BNT.X moved above its 50-day moving average on October 12, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BNT.X crossed bullishly above the 50-day moving average on October 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BNT.X advanced for three days, in of 421 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 280 cases where BNT.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
