OXT.X in upward trend: price rose above 50-day moving average on March 20, 2024

OXT.X moved above its 50-day moving average on March 20, 2024 date and that indicates a change from a downward trend to an upward trend. In 39 of 45 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 87%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 26, 2024. You may want to consider a long position or call options on OXT.X as a result. In 82 of 116 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.

Following a +9.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where OXT.X advanced for three days, in 215 of 301 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.

OXT.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In 144 of 195 cases where OXT.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 74%.

$OXT
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