Question 1

What implications does the 10-day RSI indicator have for CDRO?

Accepted Answer

The 10-day RSI Indicator for CDRO moved out of overbought territory on September 19, 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 10 similar instances where the indicator moved out of overbought territory. In 6 of the 10 cases, the stock moved lower in the following days. This puts the odds of a move lower at 60%.

Question 2

What does the Stochastic Oscillator suggest about CDRO's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did CDRO's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 09, 2024. You may want to consider a long position or call options on CDRO as a result. In 68 of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.

Question 4

What does MACD indicator imply for CDRO?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CDRO just turned positive on September 09, 2024. Looking at past instances where CDRO's MACD turned positive, the stock continued to rise in 26 of 42 cases over the following month. The odds of a continued upward trend are 62%.

Question 5

What is the significance of the 50-day moving average indicator for CDRO?

Accepted Answer

CDRO moved above its 50-day moving average on September 13, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for CDRO?

Accepted Answer

The 10-day moving average for CDRO crossed bullishly above the 50-day moving average on September 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 16 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 69%.

Question 7

What does a 3-day price advance indicate for CDRO?

Accepted Answer

Following a +5.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where CDRO advanced for three days, in 110 of 155 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.

Question 8

What does a 3-day decline signify for CDRO's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CDRO declined for three days, in 130 of 181 cases, the price declined further within the following month. The odds of a continued downward trend are 72%.

Question 9

What does CDRO breaking above its upper Bollinger Band indicate?

Accepted Answer

CDRO broke above its upper Bollinger Band on September 13, 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.

CDRO Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse on May 06, 2024

CDRO in -2.47% downward trend, sliding for three consecutive days on September 20, 2024

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