![]() The trading volume on Genius Brands has been decreasing over time which indicates the stock is running out of both buyers and sellers. The stock is also trading below the 200-day simple moving average indicating overall sentiment is bearish. Genius Brands is trading below both the eight-day and 21-day exponential moving averages (EMAs) with the eight-day EMA trending below the 21-day, both of which are bearish indicators. ![]() Traders will want to watch for big volume, in either direction, on the break to know whether the descending triangle was a recognized pattern. 6 and should break bullishly up or bearishly down from it before then. Genius Brands look set to reach the apex of the triangle on Aug. The stock then popped back up above $1.56 and has closed above the level for the past 11 trading days while tightening into the apex of a descending triangle. The Genius Chart: Genius Brands entered into a downtrend on June 9 when the stock reached a high of $2.30, making consistent lower highs and lower lows until hitting a bottom at the $1.46 mark. The hit animated series is available on a wide range of streaming services such as Netflix Inc (NASDAQ: NFLX) and Inc’s (NASDAQ: AMZN) Prime Video Direct and will debut on the Paramount Plus network on Aug. Genius Brands is also continuing to demonstrate growth and on Monday announced the “Rainbow Rangers” series continues to grow its viewership across various broadcast platforms worldwide. This number has increased from 41.59 million in June.
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