Question 1

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

Accepted Answer

The RSI Indicator for NEGG moved out of oversold territory on August 08, 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 43 similar instances when the indicator left oversold territory. In 38 of the 43 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

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

Accepted Answer

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 53 of 63 cases where NEGG's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 0%.

Question 3

How did NEGG's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on NEGG as a result. In 78 of 92 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 NEGG?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for NEGG just turned positive on August 15, 2024. Looking at past instances where NEGG's MACD turned positive, the stock continued to rise in 35 of 43 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

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

Accepted Answer

Following a +4.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where NEGG advanced for three days, in 184 of 214 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 NEGG's future price movement?

Accepted Answer

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

Question 7

What does NEGG breaking above its upper Bollinger Band indicate?

Accepted Answer

NEGG 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 NEGG's trend?

Accepted Answer

The Aroon Indicator for NEGG 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.

NEGG Stock Newegg Commerce (NEGG, $0.91) Stochastic Oscillator left the oversold zone on June 07, 2024

NEGG's RSI Indicator ascends from oversold territory

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