DOT.X Crypto Polkadot cryptocurrency (DOT.X, $3.79) RSI Indicator left the oversold zone on November 03, 2024
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Momentum Indicator for DOT.X turns positive, indicating new upward trend
DOT.X saw its Momentum Indicator move above the 0 level on November 07, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 122 similar instances where the indicator turned positive. In of the 122 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for DOT.X just turned positive on November 07, 2024. Looking at past instances where DOT.X's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
DOT.X moved above its 50-day moving average on November 08, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for DOT.X crossed bullishly above the 50-day moving average on November 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +2 3-day Advance, the price is estimated to grow further. Considering data from situations where DOT.X advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for DOT.X moved out of overbought territory on November 13, 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 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOT.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 .
DOT.X broke above its upper Bollinger Band on November 09, 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.
