EGLD.X Crypto Tickeron detected bearish Crypto Pattern: Triangle Symmetrical Bottom EGLD.X on June 07, 2024, netting in a 7.69% gain over 1 week
EGLD.X in downward trend: price may decline as a result of having broken its higher Bollinger Band on November 07, 2024
EGLD.X broke above its upper Bollinger Band on November 07, 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 A.I.dvisor looked at 52 similar instances where the stock broke above the upper band. In of the 52 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for EGLD.X moved out of overbought territory on November 12, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EGLD.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for EGLD.X entered a downward trend on November 07, 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 Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on EGLD.X as a result. In of 104 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 EGLD.X just turned positive on November 06, 2024. Looking at past instances where EGLD.X's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
EGLD.X moved above its 50-day moving average on November 07, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for EGLD.X crossed bullishly above the 50-day moving average on November 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where EGLD.X advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
