Question 1

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

Accepted Answer

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Question 2

How did CARA's Momentum indicator behave recently?

Accepted Answer

CARA saw its Momentum Indicator move below the 0 level on August 05, 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 87 similar instances where the indicator turned negative. In 70 of the 87 cases, the stock moved further down in the following days. The odds of a decline are at 0%.

Question 3

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

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CARA 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 0%.

CARA Stock Cara Therapeutics (CARA, $0.67) Moving Average Convergence Divergence (MACD) Histogram turned negative on May 24, 2024

Momentum Indicator for CARA turns negative, indicating new downward trend

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