BTC.X in upward trend: price rose above 50-day moving average on August 23, 2024
BTC.X moved above its 50-day moving average on August 23, 2024 date and that indicates a change from a downward trend to an upward trend. In 19 of 40 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 47%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BTC.X's RSI Indicator exited the oversold zone, 14 of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 40%.
The Momentum Indicator moved above the 0 level on August 21, 2024. You may want to consider a long position or call options on BTC.X as a result. In 52 of 137 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 38%.
The Moving Average Convergence Divergence (MACD) for BTC.X just turned positive on August 19, 2024. Looking at past instances where BTC.X's MACD turned positive, the stock continued to rise in 27 of 59 cases over the following month. The odds of a continued upward trend are 46%.
Following a +6.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in 185 of 427 cases, the price rose further within the following month. The odds of a continued upward trend are 43%.
The Aroon Indicator entered an Uptrend today. In 190 of 430 cases where BTC.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 44%.
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