DOGE.X's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for DOGE.X turned positive on May 04, 2024. Looking at past instances where DOGE.X's MACD turned positive, the stock continued to rise in 34 of 53 cases over the following month. The odds of a continued upward trend are 64%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DOGE.X's RSI Oscillator exited the oversold zone, 25 of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 54%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 58 of 94 cases where DOGE.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 62%.
The Momentum Indicator moved above the 0 level on May 04, 2024. You may want to consider a long position or call options on DOGE.X as a result. In 91 of 152 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 60%.
Following a +21.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where DOGE.X advanced for three days, in 240 of 399 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
DOGE.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
$DOGE
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