The 3 down-trending stocks in a bullish market

Published: November 25 2022, 14:30 GMT+0

The 3 down-trending stocks in a bullish market

Oatly Group AB, Arrival, Similarweb Ltd. have been the noticable stocks on a downtrend. Here is what you need to know.

Markets are up including news that Nasdaq goes up 0.99%, trading at 11,300. S&P 500 up to 4,027.26, gaining 0.59%.

What is a downtrend?

A trend is the overall direction of a market or an asset's trading price over a certain period. A downtrend is when the price is generally pointing downwards; there can be certain periods of time when the price increases, yet the trend remains in a downward direction.

Goes down for 9 days and shedding 34.69%: Oatly goes down to $1.6

While on a 9 day slump, falling a total of 34.69%, similar trend today: Oatly is down to $1.6, after ending Wednesday at $1.67. Overall, a 4.19% loss or 7 cents today. Current trading volume stands at 4.64 million; 109% slightly greater than the 21-day average of 4.25 million.

7 days of a downtrend, losing a total of 31.96%: Lethargic start to the session sees Arrival drop as low as 32.02 cents

More of the same today: Arrival is down to 33.41 cents, after ending Wednesday at 35.36 cents. Overall, a 5.51% loss or 1.95 cents today. While on a 7 day downtrend, dropping a total of 31.96%,

The company's market cap is $213.27 million with an average daily volume of 10.11 million shares. The EV maker reached a significant high of $9.66 around 11 months ago but has lost 96.34% since then. So far in 2022, it has been doing worse than the Nasdaq by 54.77%.

Descends for 7 days: Lethargic start to the session sees Similarweb drop as low as $4.45

While on a 7 day downtrend, dropping a total of 31.78%, similar trend today: Similarweb is down to $4.53, after ending Wednesday at $4.58. Overall, a 1.09% loss or 5 cents today.

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