Danimer Scientific (DNMR, $0.77) Aroon Indicator entered a Downtrend on May 02, 2024.

A.I.dvisor
at Tickeron.com
05/03/24
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DNMR - Danimer Scientific
Aroon signal
Bearish Trend
Odds of DOWN Trend
Aroon signal
Price: $0.7667
Daily change: +$0.0291 (+3.95%)
Daily volume: 531K
Capitalization: $87.6M
Industry: Chemicals: Specialty
For the last three days, A.I.dvisor has detected that DNMR's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for DNMR, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 255 similar cases, of which were successful. Based on this data, the odds of success are
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DNMRDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
N/A
Address
140 Industrial Boulevard
Phone
+1 229 243-7075
Employees
271
Web
https://www.danimerscientific.com