AVAX.X's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for AVAX.X turned positive on June 27, 2024. Looking at past instances where AVAX.X's MACD turned positive, the stock continued to rise in 23 of 34 cases over the following month. The odds of a continued upward trend are 68%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AVAX.X's RSI Indicator exited the oversold zone, 20 of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 54%.

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 32 of 60 cases where AVAX.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 53%.

Following a +9.83% 3-day Advance, the price is estimated to grow further. Considering data from situations where AVAX.X advanced for three days, in 212 of 326 cases, the price rose further within the following month. The odds of a continued upward trend are 65%.

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

$AVAX

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