BURGER.X in upward trend: price may jump up because it broke its lower Bollinger Band on April 30, 2024
BURGER.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 39 of 45 cases where BURGER.X's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BURGER.X's RSI Indicator exited the oversold zone, 22 of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 43 of 63 cases where BURGER.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 68%.
The Momentum Indicator moved above the 0 level on May 04, 2024. You may want to consider a long position or call options on BURGER.X as a result. In 74 of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
The Moving Average Convergence Divergence (MACD) for BURGER.X just turned positive on April 27, 2024. Looking at past instances where BURGER.X's MACD turned positive, the stock continued to rise in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%.
Following a +6.40% 3-day Advance, the price is estimated to grow further. Considering data from situations where BURGER.X advanced for three days, in 223 of 291 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
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