Question 1

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

Accepted Answer

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

What does MACD indicator imply for SBFM?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for SBFM just turned positive on August 14, 2024. Looking at past instances where SBFM's MACD turned positive, the stock continued to rise in 41 of 47 cases over the following month. The odds of a continued upward trend are 0%.

Question 3

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

Accepted Answer

Following a +13.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where SBFM advanced for three days, in 138 of 162 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 4

What does a 3-day decline signify for SBFM's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SBFM 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 90%.

Question 5

What does SBFM breaking above its upper Bollinger Band indicate?

Accepted Answer

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

Question 6

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

Accepted Answer

The Aroon Indicator for SBFM 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.

SBFM Stock Sunshine Biopharma (SBFM, $0.93) RSI Indicator left the oversold zone on May 17, 2024

SBFM's RSI Oscillator sits in oversold zone for 12 days

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