$ETH in an upward trend: price rose above 50-day moving average on November 06, 2024
ETH.X moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend. In 30 of 49 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 61%.
Technical Analysis (Indicators) Bullish Trend Analysis The Momentum Indicator moved above the 0 level on November 22, 2024. You may want to consider a long position or call options on ETH.X as a result. In 64 of 120 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%. The Moving Average Convergence Divergence (MACD) for ETH.X just turned positive on November 21, 2024. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in 38 of 66 cases over the following month. The odds of a continued upward trend are 58%. The 10-day moving average for ETH.X crossed bullishly above the 50-day moving average on November 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 22 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 50%. Following a +2.43% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 266 of 450 cases, the price rose further within the following month. The odds of a continued upward trend are 59%. The Aroon Indicator entered an Uptrend today. In 278 of 483 cases where ETH.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 58%.
