OXT.X in upward trend: price rose above 50-day moving average on July 17, 2024
OXT.X moved above its 50-day moving average on July 17, 2024 date and that indicates a change from a downward trend to an upward trend. In 37 of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 77%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 14, 2024. You may want to consider a long position or call options on OXT.X as a result. In 81 of 121 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for OXT.X just turned positive on July 06, 2024. Looking at past instances where OXT.X's MACD turned positive, the stock continued to rise in 39 of 59 cases over the following month. The odds of a continued upward trend are 66%.
Following a +2.70% 3-day Advance, the price is estimated to grow further. Considering data from situations where OXT.X advanced for three days, in 223 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
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