DIG, MACD Histogram just turned negative
This is a Bearish indicator signaling DIG's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 49 similar cases where DIG's MACD histogram became negative, and 45 of them led to successful outcomes. Odds of Success: 90%. Current price $84.92 is above $81.16 the highest support line found by Tickeron A.I. Throughout the month of 12/21/20 - 01/25/21, the price experienced a +17% Uptrend, while the week of 01/15/21 - 01/25/21 shows a -5% Downtrend.
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 53 of 64 cases where DIG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 83%.
The Moving Average Convergence Divergence Histogram (MACD) for DIG turned negative on January 25, 2021. 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 49 similar instances when the indicator turned negative. In 45 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIG 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 89%.
DIG broke above its upper Bollinger Band on January 12, 2021. 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.
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 53 of 64 cases where DIG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 83%.
The Moving Average Convergence Divergence Histogram (MACD) for DIG turned negative on January 25, 2021. 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 49 similar instances when the indicator turned negative. In 45 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DIG 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 89%.
DIG broke above its upper Bollinger Band on January 12, 2021. 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.
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