MULTI.X Crypto Multichain cryptocurrency (MULTI.X, $0.51) price moved above its 50-day Moving Average on May 06, 2025
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MULTI.X in upward trend: price rose above 50-day moving average on May 06, 2025
MULTI.X moved above its 50-day moving average on May 06, 2025 date and that indicates a change from a downward trend to an upward trend. In of 55 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 29, 2025. You may want to consider a long position or call options on MULTI.X as a result. In of 123 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 MULTI.X just turned positive on May 01, 2025. Looking at past instances where MULTI.X's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for MULTI.X crossed bullishly above the 50-day moving average on May 04, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +15 3-day Advance, the price is estimated to grow further. Considering data from situations where MULTI.X advanced for three days, in of 193 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for MULTI.X moved out of overbought territory on May 05, 2025. 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 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 50-day moving average for MULTI.X moved below the 200-day moving average on April 08, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MULTI.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 .
MULTI.X broke above its upper Bollinger Band on May 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.
