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HTHT, MACD Histogram just turned negative

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NASDAQ:HTHT   H World Group Limited
This is a Bearish indicator signaling HTHT's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 42 similar cases where HTHT's MACD histogram became negative, and 34 of them led to successful outcomes. Odds of Success: 81%. Current price $50.64 is above $42.43 the highest support line found by Tickeron A.I. Throughout the month of 11/02/20 - 12/03/20, the price experienced a +30% Uptrend, while the week of 11/25/20 - 12/03/20 shows a -0.35% Downtrend.

Bearish Trend Analysis
The 10-day RSI Indicator for HTHT moved out of overbought territory on November 25, 2020. 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 45 similar instances where the indicator moved out of overbought territory. In 35 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 78%.

The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 50 of 67 cases where HTHT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 75%.

The Momentum Indicator moved below the 0 level on December 03, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on HTHT as a result. In 59 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 67%.

The Moving Average Convergence Divergence Histogram (MACD) for HTHT turned negative on December 02, 2020. 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 42 similar instances when the indicator turned negative. In 32 of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple 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 63%.

HTHT broke above its upper Bollinger Band on November 09, 2020. 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.
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