Question 1

What does MACD indicator imply for MULN?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for MULN just turned positive on August 19, 2024. Looking at past instances where MULN's MACD turned positive, the stock continued to rise in 32 of 38 cases over the following month. The odds of a continued upward trend are 0%.

Question 2

What does a 3-day decline signify for MULN'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 MULN declined for three days, in 402 of 426 cases, the price declined further within the following month. The odds of a continued downward trend are 0%.

Question 3

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

Accepted Answer

The Aroon Indicator for MULN entered a downward trend on August 19, 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.

MULN Stock Mullen Automotive (MULN, $2.86) Aroon Indicator entered a Downtrend on June 07, 2024.

MULN in -26.50% downward trend, declining for three consecutive days on August 19, 2024

General Information