WRX.X Crypto WazirX cryptocurrency (WRX.X, $0.13) price exceeded its 50-day Moving Average on October 16, 2024
WRX.X in downward trend: price dove below 50-day moving average on October 21, 2024
WRX.X moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend. In of 54 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where WRX.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on October 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WRX.X as a result. In of 117 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 WRX.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 .
WRX.X broke above its upper Bollinger Band on October 14, 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 WRX.X entered a downward trend on October 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.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WRX.X just turned positive on October 11, 2024. Looking at past instances where WRX.X's MACD turned positive, the stock continued to rise in of 51 cases 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 WRX.X advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
