$REI sees MACD Histogram crosses below signal line
REI.X saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 20, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 28 instances where the indicator turned negative. In 19 of the 28 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 68%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 11 of 24 cases where REI.X's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 46%.
The Momentum Indicator moved below the 0 level on January 19, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on REI.X as a result. In 40 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where REI.X 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 53%.
