BURGER.X in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 06, 2024

BURGER.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 40 of 50 cases where BURGER.X's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 80%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 upward trend is expected.

BURGER.X moved above its 50-day moving average on September 07, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BURGER.X crossed bullishly above the 50-day moving average on August 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 10 of 16 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 62%.

Following a +28.45% 3-day Advance, the price is estimated to grow further. Considering data from situations where BURGER.X advanced for three days, in 233 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.

The Aroon Indicator entered an Uptrend today. In 103 of 139 cases where BURGER.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 74%.

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