BRAG Stock Bragg Gaming Group (BRAG, $3.75) price may drop as it broke higher Bollinger Band on Dec 10, 2024
at Tickeron.com
BRAG saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for BRAG moved out of overbought territory on December 19, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 51 similar instances where the indicator exited the overbought zone. In of the 51 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BRAG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BRAG broke above its upper Bollinger Band on December 10, 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 BRAG entered a downward trend on November 26, 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BRAG's RSI Indicator exited the oversold zone, of 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 10, 2024. You may want to consider a long position or call options on BRAG as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BRAG just turned positive on December 03, 2024. Looking at past instances where BRAG's MACD turned positive, the stock continued to rise in of 61 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where BRAG advanced for three days, in of 193 cases, the price rose further within the following month. The odds of a continued upward trend are .
