CRMT, MACD Histogram just turned positive
This is a Bullish indicator signaling CRMT's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 43 similar cases where CRMT's MACD histogram became positive, and 32 of them led to successful outcomes. Odds of Success: 74%. Current price $90.19 crossed the support line at $87.08 and is trading between $90.56 support and $87.08 support lines. Throughout the month of 09/01/20 - 10/02/20, the price experienced a -14% Downtrend, while the week of 09/25/20 - 10/02/20 shows a +4% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 50 cases where CRMT'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 76%.
The Momentum Indicator moved above the 0 level on October 01, 2020. You may want to consider a long position or call options on CRMT as a result. Tickeron A.I. detected that in 77 of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for CRMT just turned positive on October 02, 2020. Looking at past instances where CRMT's MACD turned positive, the stock continued to rise, Tickeron AI shows in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%.
Following a +4.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRMT advanced for three days, in 255 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
CRMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 50 cases where CRMT'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 76%.
The Momentum Indicator moved above the 0 level on October 01, 2020. You may want to consider a long position or call options on CRMT as a result. Tickeron A.I. detected that in 77 of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for CRMT just turned positive on October 02, 2020. Looking at past instances where CRMT's MACD turned positive, the stock continued to rise, Tickeron AI shows in 32 of 43 cases over the following month. The odds of a continued upward trend are 74%.
Following a +4.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRMT advanced for three days, in 255 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
CRMT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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