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PTAIY Stock PT Astra International (PTAIY, $6.43) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 30, 2024

A.I.dvisor
at Tickeron.com
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PTAIY - PT Astra International
MACD signal
Bearish Trend
Odds of DOWN Trend
Tickeron
MACD signal
Price: $6.43
Daily change: -$0.23 (-3.38%)
Daily volume: 24.5K
This is a Bearish indicator signaling PTAIY's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 54 similar cases where PTAIY's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

Momentum Indicator for PTAIY turns negative, indicating new downward trend

PTAIY saw its Momentum Indicator move below the 0 level on November 05, 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 107 similar instances where the indicator turned negative. In of the 107 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for PTAIY turned negative on October 30, 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .

PTAIY moved below its 50-day moving average on November 06, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for PTAIY crossed bearishly below the 50-day moving average on November 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PTAIY's RSI Indicator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator 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 upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PTAIY advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .

PTAIY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

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PTAIY
Daily Signalchanged days ago
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General Information

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Profile
Fundamentals
Details
Industry
N/A
Address
Jl. Jend. Sudirman Kav. 5-6
Phone
+62 2150843888
Employees
198203
Web
https://www.astra.co.id