REI.X in upward trend: price may ascend as a result of having broken its lower Bollinger Band on June 13, 2024

REI.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 11 of 13 cases where REI.X's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 85%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where REI.X's RSI Indicator exited the oversold zone, 9 of 11 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a +11.22% 3-day Advance, the price is estimated to grow further. Considering data from situations where REI.X advanced for three days, in 114 of 153 cases, the price rose further within the following month. The odds of a continued upward trend are 75%.

$REI
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