PENDLE.X's Aroon Indicator triggered a bullish signal on September 05, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 85 similar instances where the Aroon Indicator showed a similar pattern. In 75 of the 85 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 88%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PENDLE.X's RSI Indicator exited the oversold zone, 4 of 5 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 80%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 12 of 16 cases where PENDLE.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Momentum Indicator moved above the 0 level on September 10, 2024. You may want to consider a long position or call options on PENDLE.X as a result. In 17 of 26 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 65%.
The Moving Average Convergence Divergence (MACD) for PENDLE.X just turned positive on September 10, 2024. Looking at past instances where PENDLE.X's MACD turned positive, the stock continued to rise in 9 of 12 cases over the following month. The odds of a continued upward trend are 75%.
PENDLE.X moved above its 50-day moving average on September 10, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +16.38% 3-day Advance, the price is estimated to grow further. Considering data from situations where PENDLE.X advanced for three days, in 75 of 101 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
PENDLE.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PENDLE.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 60%.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 14.00% within the next month with a likelihood of 60%.
$PENDLE
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