Question 1

What implications does the 10-day RSI indicator have for BEAM?

Accepted Answer

The 10-day RSI Indicator for BEAM moved out of overbought territory on July 30, 2024. 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 24 similar instances where the indicator moved out of overbought territory. In 21 of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about BEAM's trend?

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 46 of 56 cases where BEAM'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 0%.

Question 3

How did BEAM's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 05, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BEAM as a result. In 77 of 89 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 4

What does MACD indicator imply for BEAM?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for BEAM turned negative on August 02, 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 46 similar instances when the indicator turned negative. In 39 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What is the significance of the 50-day moving average indicator for BEAM?

Accepted Answer

BEAM moved below its 50-day moving average on August 05, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 6

What is the significance of the 10-day moving average indicator for BEAM?

Accepted Answer

The 10-day moving average for BEAM crossed bearishly below the 50-day moving average on August 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 13 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 0%.

Question 7

What does a 3-day decline signify for BEAM's future price movement?

Accepted Answer

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BEAM declined for three days, in 207 of 244 cases, the price declined further within the following month. The odds of a continued downward trend are 85%.

Question 8

How does the Aroon Indicator reflect on BEAM's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 145 of 177 cases where BEAM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

BEAM Stock Beam Therapeutics (BEAM, $24.38) entered Downtrend as Momentum indicator drops below 0 level on Jun 03, 2024

BEAM in -3.73% downward trend, sliding for three consecutive days on August 12, 2024

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