MINA.X in downward trend: 10-day moving average broke below 50-day moving average on December 22, 2024
The 10-day moving average for MINA.X crossed bearishly below the 50-day moving average on December 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 56 cases where MINA.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 January 07, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MINA.X as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
MINA.X moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MINA.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 .
The Aroon Indicator for MINA.X entered a downward trend on December 27, 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
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MINA.X's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MINA.X just turned positive on January 03, 2025. Looking at past instances where MINA.X's MACD turned positive, the stock continued to rise in of 38 cases 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 MINA.X advanced for three days, in of 282 cases, the price rose further within the following month. The odds of a continued upward trend are .
MINA.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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MINA.X and Crypto
Correlation & Price change
A.I.dvisor indicates that over the last year, MINA.X has been closely correlated with HFT.X. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if MINA.X jumps, then HFT.X could also see price increases.
| Ticker / NAME | Correlation To MINA.X | 1D Price Change % | ||
|---|---|---|---|---|
| MINA.X | 100% | +3.15% | ||
| HFT.X - MINA.X | 84% Closely correlated | +4.88% | ||
| SEI.X - MINA.X | 83% Closely correlated | +3.34% | ||
| C98.X - MINA.X | 83% Closely correlated | +0.48% | ||
| ASTR.X - MINA.X | 82% Closely correlated | +3.97% | ||
| MANTA.X - MINA.X | 81% Closely correlated | +4.51% | ||
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