Question 1

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

Accepted Answer

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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 upward trend is expected.

Question 2

How did SLRX's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on SLRX as a result. In 73 of 91 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 SLRX?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for SLRX turned negative on August 02, 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 41 similar instances when the indicator turned negative. In 39 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

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

Accepted Answer

SLRX moved below its 50-day moving average on August 13, 2024 date and that indicates a change from an upward trend to a downward trend.

Question 5

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

Accepted Answer

The 10-day moving average for SLRX crossed bearishly below the 50-day moving average on August 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 10 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 6

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

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SLRX advanced for three days, in 186 of 232 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.

Question 7

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

Accepted Answer

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

SLRX Stock Salarius Pharmaceuticals (SLRX, $0.41) RSI Indicator left the oversold zone on June 07, 2024

SLRX in +34.86% Uptrend, growing for three consecutive days on August 07, 2024

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