MFT.X Crypto Mainframe cryptocurrency (MFT.X, $0) RSI Indicator left the overbought zone on September 23, 2024
MFT.X's Stochastic Oscillator stays in overbought zone for 3 days
The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for MFT.X moved out of overbought territory on September 23, 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 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MFT.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 .
MFT.X broke above its upper Bollinger Band on October 19, 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 October 13, 2024. You may want to consider a long position or call options on MFT.X as a result. In of 173 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 MFT.X just turned positive on October 18, 2024. Looking at past instances where MFT.X's MACD turned positive, the stock continued to rise in of 74 cases over the following month. The odds of a continued upward trend are .
MFT.X moved above its 50-day moving average on October 08, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MFT.X crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 29 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 MFT.X advanced for three days, in of 416 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 235 cases where MFT.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
