ALPACA.X's RSI Indicator ascending out of oversold territory
The RSI Indicator for ALPACA.X moved out of oversold territory on July 06, 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 26 similar instances when the indicator left oversold territory. In 17 of the 26 cases the stock moved higher. This puts the odds of a move higher at 65%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on July 13, 2024. You may want to consider a long position or call options on ALPACA.X as a result. In 45 of 79 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 ALPACA.X just turned positive on July 08, 2024. Looking at past instances where ALPACA.X's MACD turned positive, the stock continued to rise in 20 of 42 cases over the following month. The odds of a continued upward trend are 48%.
Following a +8.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where ALPACA.X advanced for three days, in 152 of 245 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
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