Question 1

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

Accepted Answer

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 50 of 62 cases where OFIX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 0%.

Question 2

How did OFIX'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 OFIX as a result. In 64 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 3

What does MACD indicator imply for OFIX?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for OFIX turned negative on July 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 37 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

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

Accepted Answer

Following a +5.02% 3-day Advance, the price is estimated to grow further. Considering data from situations where OFIX advanced for three days, in 207 of 309 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day decline signify for OFIX'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 OFIX declined for three days, in 237 of 316 cases, the price declined further within the following month. The odds of a continued downward trend are 75%.

Question 6

What does OFIX breaking above its upper Bollinger Band indicate?

Accepted Answer

OFIX broke above its upper Bollinger Band on August 06, 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.

Question 7

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

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 127 of 167 cases where OFIX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

OFIX Stock Orthofix Medical (OFIX, $13.54) price exceeded its 50-day Moving Average on June 06, 2024

OFIX in -5.20% downward trend, sliding for three consecutive days on August 12, 2024

General Information