REI.X in upward trend: 10-day moving average crossed above 50-day moving average on August 23, 2024

The 10-day moving average for REI.X crossed bullishly above the 50-day moving average on August 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 8 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 88%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2024. You may want to consider a long position or call options on REI.X as a result. In 46 of 66 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.

The Moving Average Convergence Divergence (MACD) for REI.X just turned positive on September 20, 2024. Looking at past instances where REI.X's MACD turned positive, the stock continued to rise in 17 of 23 cases over the following month. The odds of a continued upward trend are 74%.

REI.X moved above its 50-day moving average on September 17, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a +21.75% 3-day Advance, the price is estimated to grow further. Considering data from situations where REI.X advanced for three days, in 127 of 171 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.

The Aroon Indicator entered an Uptrend today. In 89 of 124 cases where REI.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.

$REI
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