TRB.X Crypto Tellor cryptocurrency (TRB.X, $76.32) RSI Indicator left the overbought zone on November 12, 2024
at Tickeron.com
TRB.X in downward trend: price may drop because broke its higher Bollinger Band on November 10, 2024
TRB.X broke above its upper Bollinger Band on November 10, 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. The A.I.dvisor looked at 88 similar instances where the stock broke above the upper band. In of the 88 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for TRB.X moved out of overbought territory on November 12, 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 64 similar instances where the indicator moved out of overbought territory. In of the 64 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 TRB.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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 84 cases where TRB.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 10, 2024. You may want to consider a long position or call options on TRB.X as a result. In of 125 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 TRB.X just turned positive on November 10, 2024. Looking at past instances where TRB.X's MACD turned positive, the stock continued to rise in of 65 cases over the following month. The odds of a continued upward trend are .
TRB.X moved above its 50-day moving average on November 10, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TRB.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 24 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 3-day Advance, the price is estimated to grow further. Considering data from situations where TRB.X advanced for three days, in of 460 cases, the price rose further within the following month. The odds of a continued upward trend are .
