Question 1

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

Accepted Answer

The RSI Indicator for CBT moved out of oversold territory on August 06, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 21 similar instances when the indicator left oversold territory. In 17 of the 21 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

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

Accepted Answer

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Question 3

How did CBT's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 15, 2024. You may want to consider a long position or call options on CBT as a result. In 56 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for CBT?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CBT just turned positive on August 15, 2024. Looking at past instances where CBT's MACD turned positive, the stock continued to rise in 34 of 49 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

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

Accepted Answer

CBT moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

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

Accepted Answer

The 10-day moving average for CBT crossed bullishly above the 50-day moving average on August 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 0%.

Question 7

What does a 3-day price advance indicate for CBT?

Accepted Answer

Following a +2.56% 3-day Advance, the price is estimated to grow further. Considering data from situations where CBT advanced for three days, in 231 of 329 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 8

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

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CBT 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 67%.

Question 9

What does CBT breaking above its upper Bollinger Band indicate?

Accepted Answer

CBT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

CBT Stock Cabot (CBT, $101.07) Moving Average Convergence Divergence (MACD) Histogram turned positive on May 7, 2024

CBT's RSI Oscillator recovers from oversold territory

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