Momentum Indicator for BURGER.X turns positive, indicating new upward trend
BURGER.X saw its Momentum Indicator move above the 0 level on July 14, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 108 similar instances where the indicator turned positive. In 83 of the 108 cases, the stock moved higher in the following days. The odds of a move higher are at 77%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BURGER.X's RSI Oscillator exited the oversold zone, 25 of 35 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 BURGER.X just turned positive on July 13, 2024. Looking at past instances where BURGER.X's MACD turned positive, the stock continued to rise in 32 of 44 cases over the following month. The odds of a continued upward trend are 73%.
Following a +10.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where BURGER.X advanced for three days, in 232 of 306 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
BURGER.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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