LIVEDASH.X's RSI Oscillator ascends from oversold territory
The RSI Indicator for DASH.X moved out of oversold territory on April 18, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 46 similar instances when the indicator left oversold territory. In 29 of the 46 cases the stock moved higher. This puts the odds of a move higher at 63%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 20, 2024. You may want to consider a long position or call options on DASH.X as a result. In 69 of 134 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 51%.
The Moving Average Convergence Divergence (MACD) for DASH.X just turned positive on April 23, 2024. Looking at past instances where DASH.X's MACD turned positive, the stock continued to rise in 28 of 58 cases over the following month. The odds of a continued upward trend are 48%.
DASH.X moved above its 50-day moving average on May 21, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +7.76% 3-day Advance, the price is estimated to grow further. Considering data from situations where DASH.X advanced for three days, in 221 of 460 cases, the price rose further within the following month. The odds of a continued upward trend are 48%.
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