WTC.X Crypto Waltonchain cryptocurrency (WTC.X, $0) price exceeded its 50-day Moving Average on October 19, 2024
Momentum Indicator for WTC.X turns negative, indicating new downward trend
WTC.X saw its Momentum Indicator move below the 0 level on October 21, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 164 similar instances where the indicator turned negative. In of the 164 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for WTC.X crossed bearishly below the 50-day moving average on October 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 31 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 WTC.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 .
The Aroon Indicator for WTC.X entered a downward trend on October 20, 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 WTC.X just turned positive on October 20, 2024. Looking at past instances where WTC.X's MACD turned positive, the stock continued to rise in of 69 cases over the following month. The odds of a continued upward trend are .
WTC.X moved above its 50-day moving average on October 20, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +23 3-day Advance, the price is estimated to grow further. Considering data from situations where WTC.X advanced for three days, in of 412 cases, the price rose further within the following month. The odds of a continued upward trend are .
WTC.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
