MITH.X Mithril cryptocurrency Forecast, Technical & Fundamental Analysis

MITH.X's Indicator enters downward trend

The Aroon Indicator for MITH.X entered a downward trend on January 08, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 322 similar instances where the Aroon Indicator formed such a pattern. In of the 322 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 08, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MITH.X as a result. In of 145 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

MITH.X moved below its 50-day moving average on December 22, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for MITH.X crossed bearishly below the 50-day moving average on December 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 MITH.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 .

MITH.X broke above its upper Bollinger Band on January 06, 2025. 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 94 cases where MITH.X's Stochastic Oscillator exited the oversold zone 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 MITH.X just turned positive on January 07, 2025. Looking at past instances where MITH.X's MACD turned positive, the stock continued to rise in of 63 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 MITH.X advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .