OXT.X in upward trend: price rose above 50-day moving average on July 24, 2024

OXT.X moved above its 50-day moving average on July 24, 2024 date and that indicates a change from a downward trend to an upward trend. In 37 of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 77%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 54 of 76 cases where OXT.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 71%.

The Moving Average Convergence Divergence (MACD) for OXT.X just turned positive on July 06, 2024. Looking at past instances where OXT.X's MACD turned positive, the stock continued to rise in 44 of 59 cases over the following month. The odds of a continued upward trend are 75%.

The 10-day moving average for OXT.X crossed bullishly above the 50-day moving average on July 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 13 of 18 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 72%.

Following a +7.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where OXT.X advanced for three days, in 224 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.

The Aroon Indicator entered an Uptrend today. In 174 of 231 cases where OXT.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 75%.

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