DOGE.X in upward trend: 10-day moving average crossed above 50-day moving average on May 24, 2024
The 10-day moving average for DOGE.X crossed bullishly above the 50-day moving average on May 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 14 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 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DOGE.X's RSI Oscillator exited the oversold zone, 31 of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Momentum Indicator moved above the 0 level on May 20, 2024. You may want to consider a long position or call options on DOGE.X as a result. In 86 of 150 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 57%.
The Moving Average Convergence Divergence (MACD) for DOGE.X just turned positive on May 04, 2024. Looking at past instances where DOGE.X's MACD turned positive, the stock continued to rise in 36 of 52 cases over the following month. The odds of a continued upward trend are 69%.
DOGE.X moved above its 50-day moving average on May 20, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +8.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where DOGE.X advanced for three days, in 237 of 398 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
The Aroon Indicator entered an Uptrend today. In 159 of 254 cases where DOGE.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 63%.
$DOGE
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