PERP.X Perpetual Protocol cryptocurrency Forecast, Technical & Fundamental Analysis
PERP.X in -3.88% downward trend, declining for three consecutive days on December 06, 2023
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 PERP.X declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for PERP.X moved out of overbought territory on November 11, 2023. 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 38 cases where PERP.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
PERP.X broke above its upper Bollinger Band on December 02, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 23, 2023. You may want to consider a long position or call options on PERP.X as a result. In of 73 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 PERP.X just turned positive on December 02, 2023. Looking at past instances where PERP.X's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
PERP.X moved above its 50-day moving average on November 22, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where PERP.X advanced for three days, in of 273 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 124 cases where PERP.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| VYMI | 64.53 | 0.32 | +0.50% |
| Vanguard Intl Hi Div Yld Idx ETF | |||
| BOCT | 37.43 | 0.18 | +0.48% |
| Innovator U.S. Equity Buffer ETF™ Oct | |||
| PPI | 25.98 | 0.12 | +0.45% |
| AXS Astoria Inflation Sensitive ETF | |||
| PAPR | 32.01 | 0.12 | +0.39% |
| Innovator S&P 500 Power Bffr ETF Apr New | |||
| SELV | 25.40 | N/A | N/A |
| SEI Enhanced Low Volatil US Lg Cap ETF | |||
PERP.X and
Correlation & Price change
A.I.dvisor indicates that over the last year, PERP.X has been loosely correlated with REEF.X. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if PERP.X jumps, then REEF.X could also see price increases.
| Ticker / NAME | Correlation To PERP.X | 1D Price Change % | ||
|---|---|---|---|---|
| PERP.X | 100% | +5.79% | ||
| REEF.X - PERP.X | 60% Loosely correlated | +1.08% | ||
| WING.X - PERP.X | 59% Loosely correlated | -0.99% | ||
| HOOK.X - PERP.X | 59% Loosely correlated | +4.12% | ||
| ALICE.X - PERP.X | 59% Loosely correlated | +6.60% | ||
| LIT.X - PERP.X | 58% Loosely correlated | +3.24% | ||
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