FOSL Stock Fossil Group (FOSL, $1.2) entered Downtrend as Momentum indicator drops below 0 level on Oct 15, 2024
FOSL sees MACD Histogram just turned negative
FOSL saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 14, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FOSL as a result. In of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 FOSL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FOSL broke above its upper Bollinger Band on October 01, 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.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 80 cases where FOSL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
FOSL moved above its 50-day moving average on September 27, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FOSL crossed bullishly above the 50-day moving average on October 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 FOSL advanced for three days, in of 263 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 152 cases where FOSL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
