Question 1

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

Accepted Answer

The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

Question 2

How did JMIA's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on July 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JMIA as a result. In 71 of 80 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 3

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

Accepted Answer

JMIA moved below its 50-day moving average on August 06, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 4

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

Accepted Answer

The 10-day moving average for JMIA crossed bearishly below the 50-day moving average on August 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 12 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 5

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

Accepted Answer

Following a +6.12% 3-day Advance, the price is estimated to grow further. Considering data from situations where JMIA advanced for three days, in 239 of 271 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

What does a 3-day decline signify for JMIA'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 JMIA declined for three days, in 284 of 322 cases, the price declined further within the following month. The odds of a continued downward trend are 88%.

Question 7

What does JMIA breaking above its upper Bollinger Band indicate?

Accepted Answer

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

Question 8

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

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 171 of 197 cases where JMIA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

JMIA Stock Jumia Technologies AG (JMIA, $7.5) RSI Indicator left the overbought zone on June 07, 2024

JMIA in -5.91% downward trend, sliding for three consecutive days on August 09, 2024

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