BNB.X in upward trend: 10-day moving average crossed above 50-day moving average on August 22, 2024

The 10-day moving average for BNB.X crossed bullishly above the 50-day moving average on August 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 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 67%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on August 14, 2024. You may want to consider a long position or call options on BNB.X as a result. In 70 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 54%.

The Moving Average Convergence Divergence (MACD) for BNB.X just turned positive on August 13, 2024. Looking at past instances where BNB.X's MACD turned positive, the stock continued to rise in 25 of 59 cases over the following month. The odds of a continued upward trend are 42%.

BNB.X moved above its 50-day moving average on August 19, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +2.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNB.X advanced for three days, in 242 of 448 cases, the price rose further within the following month. The odds of a continued upward trend are 54%.

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