OM.X in upward trend: 10-day moving average crossed above 50-day moving average on July 06, 2024

The 10-day moving average for OM.X crossed bullishly above the 50-day moving average on July 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 of 17 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 82%.

Technical Analysis (Indicators)

Bullish Trend Analysis

OM.X moved above its 50-day moving average on July 05, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +8.39% 3-day Advance, the price is estimated to grow further. Considering data from situations where OM.X advanced for three days, in 251 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.

The Aroon Indicator entered an Uptrend today. In 178 of 230 cases where OM.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 77%.

$OM
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