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

BNB.X moved above its 50-day moving average on May 20, 2024 date and that indicates a change from a downward trend to an upward trend. In 30 of 51 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 59%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 02, 2024. You may want to consider a long position or call options on BNB.X as a result. In 59 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 45%.

Following a +1.60% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNB.X advanced for three days, in 239 of 451 cases, the price rose further within the following month. The odds of a continued upward trend are 53%.

The Aroon Indicator entered an Uptrend today. In 185 of 376 cases where BNB.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 49%.

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