CHR.X Crypto Chromia cryptocurrency (CHR.X, $0.19) Moving Average Convergence Divergence (MACD) Histogram turned positive on October 14, 2024
Aroon Indicator for CHR.X shows an upward move is likely
CHR.X's Aroon Indicator triggered a bullish signal on October 01, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 312 similar instances where the Aroon Indicator showed a similar pattern. In of the 312 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 18, 2024. You may want to consider a long position or call options on CHR.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 CHR.X just turned positive on October 14, 2024. Looking at past instances where CHR.X's MACD turned positive, the stock continued to rise in of 60 cases 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 CHR.X advanced for three days, in of 431 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 82 cases where CHR.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
CHR.X moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CHR.X crossed bearishly below the 50-day moving average on October 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 23 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 CHR.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 .
CHR.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.
