The 10-day RSI Oscillator for ETH.X moved out of overbought territory on January 12, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 68 instances where the indicator moved out of the overbought zone. In 38 of the 68 cases the stock moved lower in the days that followed. This puts the odds of a move down at 56%.
ETHUSD
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETH.X as a result. In 46 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 39%.
The Moving Average Convergence Divergence Histogram (MACD) for ETH.X turned negative on January 20, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 64 similar instances when the indicator turned negative. In 23 of the 64 cases the stock turned lower in the days that followed. This puts the odds of success at 36%.
ETH.X moved below its 50-day moving average on January 22, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on January 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 22 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 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 39%.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 78 cases where ETH.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 50%.
Following a +2.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 266 of 444 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
ETH.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
ETHUSD
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ETH.X as a result. In 46 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 39%.
The Moving Average Convergence Divergence Histogram (MACD) for ETH.X turned negative on January 20, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 64 similar instances when the indicator turned negative. In 23 of the 64 cases the stock turned lower in the days that followed. This puts the odds of success at 36%.
ETH.X moved below its 50-day moving average on January 22, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ETH.X crossed bearishly below the 50-day moving average on January 28, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 22 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 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ETH.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 39%.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 39 of 78 cases where ETH.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 50%.
Following a +2.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 266 of 444 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
ETH.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.