OM.X Crypto MANTRA cryptocurrency (OM.X, $1.44) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 10, 2024
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Momentum Indicator for OM.X turns positive, indicating new upward trend
OM.X saw its Momentum Indicator move above the 0 level on November 10, 2024. 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 111 similar instances where the indicator turned positive. In of the 111 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 OM.X just turned positive on November 10, 2024. Looking at past instances where OM.X's MACD turned positive, the stock continued to rise in of 57 cases over the following month. The odds of a continued upward trend are .
OM.X moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +5 3-day Advance, the price is estimated to grow further. Considering data from situations where OM.X advanced for three days, in of 364 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 262 cases where OM.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 Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OM.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 .
OM.X broke above its upper Bollinger Band on November 14, 2024. 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.
