REI.X in upward trend: 10-day moving average crossed above 50-day moving average on August 23, 2024

The 10-day moving average for REI.X crossed bullishly above the 50-day moving average on August 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 6 of 8 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 75%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

REI.X moved above its 50-day moving average on August 18, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +2.30% 3-day Advance, the price is estimated to grow further. Considering data from situations where REI.X advanced for three days, in 124 of 168 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.

The Aroon Indicator entered an Uptrend today. In 85 of 124 cases where REI.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 69%.

$REI
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