WAVES.X Crypto Waves cryptocurrency (WAVES.X, $1.04) Moving Average Convergence Divergence (MACD) Histogram turned positive on November 7, 2024
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WAVES.X in upward trend: 10-day moving average broke above 50-day moving average on November 13, 2024
The 10-day moving average for WAVES.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 20 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 07, 2024. You may want to consider a long position or call options on WAVES.X as a result. In of 114 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 WAVES.X just turned positive on November 07, 2024. Looking at past instances where WAVES.X's MACD turned positive, the stock continued to rise in of 58 cases over the following month. The odds of a continued upward trend are .
WAVES.X moved above its 50-day moving average on November 08, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where WAVES.X advanced for three days, in of 470 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WAVES.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 .
WAVES.X broke above its upper Bollinger Band on November 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.
The Aroon Indicator for WAVES.X entered a downward trend on November 10, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
