OEUR Stock Tickeron detected bearish ETF Pattern: Triangle Symmetrical Bottom OEUR on October 22, 2024, netting in a 4.43% gain over 3 weeks
at Tickeron.com
OEUR in -0.44% downward trend, sliding for three consecutive days on November 21, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where OEUR declined for three days, in of 272 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on OEUR as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
OEUR moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for OEUR entered a downward trend on November 21, 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 Indicator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 22 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
OEUR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category EuropeStock