HBAR.X Hedera cryptocurrency Forecast, Technical & Fundamental Analysis

HBAR.X's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for HBAR.X moved out of overbought territory on December 09, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 51 instances where the indicator moved out of the overbought zone. In of the 51 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The Moving Average Convergence Divergence Histogram (MACD) for HBAR.X turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 68 similar instances when the indicator turned negative. In of the 68 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where HBAR.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 .

HBAR.X broke above its upper Bollinger Band on December 24, 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 Momentum Indicator moved above the 0 level on December 24, 2024. You may want to consider a long position or call options on HBAR.X as a result. In of 135 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The 50-day moving average for HBAR.X moved above the 200-day moving average on November 28, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where HBAR.X advanced for three days, in of 423 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 245 cases where HBAR.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .