FXS.X Frax Share cryptocurrency Forecast, Technical & Fundamental Analysis

FXS.X sees its 50-day moving average cross bullishly above its 200-day moving average

The 50-day moving average for FXS.X moved above the 200-day moving average on December 09, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FXS.X's RSI Indicator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on December 24, 2024. You may want to consider a long position or call options on FXS.X as a result. In of 69 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 FXS.X just turned positive on December 25, 2024. Looking at past instances where FXS.X's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

FXS.X moved above its 50-day moving average on December 23, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where FXS.X advanced for three days, in of 215 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 131 cases where FXS.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

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 FXS.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 .

FXS.X broke above its upper Bollinger Band on December 04, 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.