SOL.X in upward trend: 10-day moving average broke above 50-day moving average on May 19, 2024

The 10-day moving average for SOL.X crossed bullishly above the 50-day moving average on May 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 14 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 86%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SOL.X's RSI Oscillator exited the oversold zone, 17 of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.

The Momentum Indicator moved above the 0 level on May 15, 2024. You may want to consider a long position or call options on SOL.X as a result. In 65 of 106 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 61%.

The Moving Average Convergence Divergence (MACD) for SOL.X just turned positive on May 03, 2024. Looking at past instances where SOL.X's MACD turned positive, the stock continued to rise in 31 of 52 cases over the following month. The odds of a continued upward trend are 60%.

SOL.X moved above its 50-day moving average on May 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +8.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where SOL.X advanced for three days, in 253 of 352 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.

$SOL

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