OCEAN.X Ocean Protocol cryptocurrency Forecast, Technical & Fundamental Analysis
Momentum Indicator for OCEAN.X turns positive, indicating new upward trend
OCEAN.X saw its Momentum Indicator move above the 0 level on November 30, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 113 similar instances where the indicator turned positive. In of the 113 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for OCEAN.X just turned positive on December 02, 2023. Looking at past instances where OCEAN.X's MACD turned positive, the stock continued to rise in of 62 cases over the following month. The odds of a continued upward trend are .
The 50-day moving average for OCEAN.X moved above the 200-day moving average on November 15, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where OCEAN.X advanced for three days, in of 410 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 297 cases where OCEAN.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OCEAN.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 .
OCEAN.X broke above its upper Bollinger Band on December 03, 2023. 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.
Fundamental Analysis (Ratings)
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
OCEAN.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, OCEAN.X has been closely correlated with AGIX.X. These tickers have moved in lockstep 75% of the time. This A.I.-generated data suggests there is a high statistical probability that if OCEAN.X jumps, then AGIX.X could also see price increases.
| Ticker / NAME | Correlation To OCEAN.X | 1D Price Change % | ||
|---|---|---|---|---|
| OCEAN.X | 100% | -3.94% | ||
| AGIX.X - OCEAN.X | 75% Closely correlated | +0.92% | ||
| FET.X - OCEAN.X | 74% Closely correlated | -2.05% | ||
| REEF.X - OCEAN.X | 73% Closely correlated | +1.94% | ||
| ONE.X - OCEAN.X | 71% Closely correlated | +0.95% | ||
| DENT.X - OCEAN.X | 70% Closely correlated | +1.33% | ||
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