HC.X Crypto HyperCash cryptocurrency (HC.X, $0.08) Moving Average Convergence Divergence (MACD) Histogram turned negative on November 17, 2023
HC.X sees MACD Histogram just turned negative
HC.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on October 22, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 52 instances where the indicator turned negative. In of the 52 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 51 cases where HC.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on HC.X as a result. In of 118 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
HC.X moved below its 50-day moving average on October 20, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HC.X crossed bearishly below the 50-day moving average on October 05, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 HC.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 .
HC.X broke above its upper Bollinger Band on October 18, 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.
The Aroon Indicator for HC.X entered a downward trend on October 17, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HC.X advanced for three days, in of 396 cases, the price rose further within the following month. The odds of a continued upward trend are .
