BCH.X in upward trend: price rose above 50-day moving average on September 19, 2024

BCH.X moved above its 50-day moving average on September 19, 2024 date and that indicates a change from a downward trend to an upward trend. In 49 of 79 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 62%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 10, 2024. You may want to consider a long position or call options on BCH.X as a result. In 72 of 147 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 49%.

The Moving Average Convergence Divergence (MACD) for BCH.X just turned positive on September 10, 2024. Looking at past instances where BCH.X's MACD turned positive, the stock continued to rise in 32 of 64 cases over the following month. The odds of a continued upward trend are 50%.

The 10-day moving average for BCH.X crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 15 of 28 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 54%.

Following a +8.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where BCH.X advanced for three days, in 214 of 399 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.

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