Question 1

What implications does the 10-day RSI indicator have for PETRY?

Accepted Answer

The 10-day RSI Indicator for PETRY moved out of overbought territory on August 21, 2024. 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 25 similar instances where the indicator moved out of overbought territory. In 18 of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at 72%.

Question 2

What does the Stochastic Oscillator suggest about PETRY's trend?

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Question 3

How did PETRY's Momentum indicator behave recently?

Accepted Answer

PETRY saw its Momentum Indicator move below the 0 level on September 09, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned negative. In 58 of the 75 cases, the stock moved further down in the following days. The odds of a decline are at 77%.

Question 4

What does MACD indicator imply for PETRY?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for PETRY turned negative on August 27, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 37 similar instances when the indicator turned negative. In 26 of the 37 cases the stock turned lower in the days that followed. This puts the odds of success at 70%.

Question 5

What does a 3-day price advance indicate for PETRY?

Accepted Answer

Following a +6.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where PETRY advanced for three days, in 143 of 190 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.

Question 6

What does a 3-day decline signify for PETRY's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PETRY declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 72%.

Question 7

What does PETRY breaking above its upper Bollinger Band indicate?

Accepted Answer

PETRY broke above its upper Bollinger Band on August 13, 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.

PETRY Stock Vibra Energia SA (PETRY, $9.28) RSI Indicator left the overbought zone on August 15, 2024

Momentum Indicator for PETRY turns negative, indicating new downward trend

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