BURGER.X's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for BURGER.X turned positive on November 07, 2024. Looking at past instances where BURGER.X's MACD turned positive, the stock continued to rise in 37 of 48 cases over the following month. The odds of a continued upward trend are 77%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on BURGER.X as a result. In 84 of 116 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 72%.

BURGER.X moved above its 50-day moving average on November 21, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BURGER.X crossed bullishly above the 50-day moving average on November 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 of 17 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 71%.

The 50-day moving average for BURGER.X moved above the 200-day moving average on December 05, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +20.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where BURGER.X advanced for three days, in 247 of 333 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 110 of 145 cases where BURGER.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 76%.

$BURGER

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