EGLD.X's RSI Oscillator ascends from oversold territory
The RSI Oscillator for EGLD.X moved out of oversold territory on January 08, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 33 similar instances when the indicator left oversold territory. In 24 of the 33 cases the stock moved higher. This puts the odds of a move higher at 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 28, 2024. You may want to consider a long position or call options on EGLD.X as a result. In 55 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 66%.
The Moving Average Convergence Divergence (MACD) for EGLD.X just turned positive on January 27, 2024. Looking at past instances where EGLD.X's MACD turned positive, the stock continued to rise in 27 of 47 cases over the following month. The odds of a continued upward trend are 57%.
Following a +4.16% 3-day Advance, the price is estimated to grow further. Considering data from situations where EGLD.X advanced for three days, in 190 of 276 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
EGLD.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$EGLD
Trading Style
New Robot factory from Tickeron Trading Results for last 12 months
EGLD.X AI Robots (Signals Only)AI Robot's Name P/L
Day Trader: Crypto Pattern Trading in Low-Volatility Markets (TA)6.20%
Swing Trader: Advanced Crypto Pattern Trading (TA)2.39%
Day Trader: Crypto Pattern Trading in High-Volatility Markets (TA)2.03%
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