ETH.X in upward trend: 10-day moving average broke above 50-day moving average on May 22, 2024

The 10-day moving average for ETH.X crossed bullishly above the 50-day moving average on May 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 23 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 65%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 17, 2024. You may want to consider a long position or call options on ETH.X as a result. In 68 of 118 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 58%.

The Moving Average Convergence Divergence (MACD) for ETH.X just turned positive on May 15, 2024. Looking at past instances where ETH.X's MACD turned positive, the stock continued to rise in 37 of 66 cases over the following month. The odds of a continued upward trend are 56%.

ETH.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.

Following a +3.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETH.X advanced for three days, in 264 of 447 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.

The Aroon Indicator entered an Uptrend today. In 276 of 468 cases where ETH.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 59%.

$ETH

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