SCRT.X Crypto Tickeron detected bearish Crypto Pattern: Cup-and-Handle Inverse on October 16, 2023
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SCRT.X in downward trend: price dove below 50-day moving average on December 18, 2024
SCRT.X moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend. In of 32 similar past instances, the stock price decreased 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 December 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SCRT.X as a result. In of 70 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SCRT.X turned negative on December 06, 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 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SCRT.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 .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SCRT.X's RSI Oscillator exited the oversold zone, of 31 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 11 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.
The 50-day moving average for SCRT.X moved above the 200-day moving average on November 28, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where SCRT.X advanced for three days, in of 224 cases, the price rose further within the following month. The odds of a continued upward trend are .
SCRT.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 139 cases where SCRT.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
