AVLR - Narrow channel break throughIt is time to break through and jump from the support line. The upward trend will need a push with positive earnings to reach higher levels.
AVLR
AVLR, Aroon Indicator entered an Uptrend on Oct 16, 2020.Over the last three days, Tickeron A.I.dvisor has detected that AVLR's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 147 similar cases, 134 of which were successful. Based on this data, the odds of success are 90%. Current price $153.54 is above $134.25 the highest support line found by Tickeron A.I. Throughout the month of 09/16/20 - 10/16/20, the price experienced a +32% Uptrend. During the week of 10/09/20 - 10/16/20, the stock enjoyed a +4% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 21, 2020. You may want to consider a long position or call options on AVLR as a result. Tickeron A.I. detected that in 37 of 49 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 76%.
The Moving Average Convergence Divergence (MACD) for AVLR just turned positive on September 22, 2020. Looking at past instances where AVLR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 22 of 25 cases over the following month. The odds of a continued upward trend are 88%.
AVLR moved above its 50-day Moving Average on September 25, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +2.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where AVLR advanced for three days, in 124 of 148 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 134 of 147 cases where AVLR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
AVLR longWatch for the pre-earnings momentum after a break of this massive bull flag. Looking for a long swing
AVLR off of supportCould buy AVLR off of support at the 200sma. Seems to have follow through. Low risk as your stop will be the 200sma.
AVLR Long idea, AVLR making a move above the supporting moving averages. Im long on this one. Think it will run.
AVLR Credit SpreadI made a bear call spread on AVLR
Looks like a parabolic arc with more support.
$1.57 is the credit max loss is $150 I will take a gain of $80
Max loss is if it continues higher but it may bounce off resistance which is outlined.
EXP Nov 15 spread is 80/85.
AVLR Put SpreadPut Spread AVLR Cost 2.19
Max loss is $142 Max Gain is $190
Exp October 18 which maybe took long for this position but it looks like its run out of steam
RSI is leading it lower based on the price moves recently. It may sell off and reach $65.
$AVLR BreakoutOriginally what looked like a rising wedge converted into a flag, which just broke out above $59.
A conservative near term price target is at $63.
This is not advice and just an idea of what may be happening.
