MX Stock Magnachip Semiconductor (MX, $4.89) entered Downtrend as Momentum indicator drops below 0 level on May 10, 2024

A.I.dvisor
at Tickeron.com
05/11/24
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MX - Magnachip Semiconductor Corp
Momentum signal
Bearish Trend
Odds of DOWN Trend
Momentum signal
Price: $4.89
Daily change: -$0.05 (-1.01%)
Daily volume: 167.1K
Capitalization: $187.1M
Industry: Semiconductors
This indicator may be signaling that MX's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 74 similar cases where MX's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:
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MXDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a developer of mixed signal & digital multimedia semiconductors

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
76 Jikji-daero 436beon-gil, Heungdeok-gu
Phone
+82 269033000
Employees
891
Web
https://www.magnachip.com