STG.X Crypto Tickeron detected bearish Crypto Pattern: Cup-and-Handle Inverse on May 03, 2024
at Tickeron.com
STG.X's Indicator enters downward trend
The Aroon Indicator for STG.X entered a downward trend on November 08, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 112 similar instances where the Aroon Indicator formed such a pattern. In of the 112 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for STG.X moved out of overbought territory on November 10, 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 22 similar instances where the indicator moved out of overbought territory. In of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where STG.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 .
STG.X broke above its upper Bollinger Band on November 09, 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.
Bullish Trend Analysis
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.
The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on STG.X as a result. In of 62 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 STG.X just turned positive on November 07, 2024. Looking at past instances where STG.X's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .
STG.X moved above its 50-day moving average on November 15, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for STG.X crossed bullishly above the 50-day moving average on November 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where STG.X advanced for three days, in of 185 cases, the price rose further within the following month. The odds of a continued upward trend are .
