TRU.X's Stochastic Oscillator is remaining in oversold zone for 15 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TRU.X's RSI Indicator exited the oversold zone, 23 of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
Following a +9.63% 3-day Advance, the price is estimated to grow further. Considering data from situations where TRU.X advanced for three days, in 213 of 289 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
TRU.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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