AMD, enters a weekly bullish trend. Expect an Uptrend continuatiAdvanced Micro Devices Inc. (AMD, $78.93) is predicted by Tickeron A.I.dvisor to grow by 2% to $80.51 or more within the next week. With its winning streak extending for a consecutive week, AMD is expected to continue climbing following the week-long Uptrend ― the odds of an Uptrend continuation are 73%. Current price $77.90 crossed the support line at $81.84 and is trading between $81.84 support and $59.57 resistance lines. Throughout the month of 08/13/20 - 09/15/20, the price experienced a -4% Downtrend, while the week of 09/08/20 - 09/15/20 shows a +0.30% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows in 273 of 319 cases where AMD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Tickeron
QCOM, enters monthly bullish trend. Expect Uptrend continuationQualcomm, Inc. (QCOM, $116.58) is predicted by Tickeron A.I.dvisor to grow by 4% to $121.24 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 87%. Current price $115.85 is above $105.05 the highest support line found by Tickeron A.I. Throughout the month of 08/13/20 - 09/15/20, the price experienced a +3% Uptrend. During the week of 09/08/20 - 09/15/20, the stock enjoyed a +6% Uptrend growth.
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 60 cases where QCOM'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 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 175 of 281 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 84%. During the last month, the daily ratio of advancing to declining volumes was 1.22 to 1.
The Tickeron Price Growth Rating for this company is 6 (best 1 - 100 worst), indicating outstanding price growth. QCOM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 10 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 10 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
AMZN,enters a monthly bullish trend.Expect Uptrend continuationAmazon.com Inc. (AMZN, $3156.13) is predicted by Tickeron A.I.dvisor to grow by 4% to $3282.38 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 89%. Current price $3134.23 crossed the support line at $3182.41 and is trading between $3182.41 support and $3081.11 support lines. Throughout the month of 08/13/20 - 09/15/20, the price experienced a -0.15% Downtrend, while the week of 09/08/20 - 09/15/20 shows a +0.20% Uptrend.
Bullish Trend Analysis
AMZN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 230 of 352 cases where AMZN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 65%.
The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 8 (best 1 - 100 worst), indicating outstanding price growth. AMZN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 22 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
ETHOS, enters Uptrend as Mom. ascends above 0 level on Sep 13 20This indicator may be signaling that ETHOS.X's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron's A.I.dvisor backtested 67 similar cases where ETHOS.X's Momentum Indicator exceeded 0, and 54 of them led to a successful outcome. Odds of Success: 81%. Current price $0.12 crossed the support line at $0.17 and is trading between $0.17 support and $0.06 resistance lines. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -24% Downtrend, while the week of 09/09/20 - 09/14/20 shows a +14% Uptrend.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ETHOS.X's RSI Oscillator exited the oversold zone, 26 of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 33 of 45 cases where ETHOS.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 81%.
The Momentum Indicator moved above the 0 level on September 13, 2020. You may want to consider a long position or call options on ETHOS.X as a result. Tickeron’s A.I. shows that in 55 of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.
Following a +1.11% 3-day Advance, the price is estimated to grow further. Considering data from situations where ETHOS.X advanced for three days, Tickeron’s A.I. shows that in 164 of 217 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
ETHOS.X may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
NMR.X, price exceeded its 50-day Moving Average on Sep. 13, 2020This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 32 similar cases, and 32 were successful. Based on this data, the odds of success are 90%. Current price $35.61 is above $29.17 the highest resistance line found by Tickeron's A.I. Throughout the month of 08/23/20 - 09/14/20, the price experienced a -19% Downtrend. During the week of 09/09/20 - 09/14/20, the crypto fell -3%.
Bearish Trend Analysis
The 10-day RSI Indicator for NMR.X moved out of overbought territory on August 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 27 similar instances where the indicator moved out of overbought territory. In 17 of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at 63%.
The Momentum Indicator moved below the 0 level on September 05, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on NMR.X as a result. In 68 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for NMR.X turned negative on September 01, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In 27 of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at 71%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further Tickeron’s A.I. shows that BITTREX:NMRUSD in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
NMR.X broke above its upper Bollinger Band on August 28, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
WKHS a quarterly gainer,rising +492%.Expect Uptrend continuationWorkhorse Group (WKHS, $22.39) was one of top quarterly gainers, jumping +492.33% to $22.39 per share. Tickeron A.I.dvisor analyzed 31 stocks in the Auto Parts: OEM Industry over the last three months, and discovered that 21 of them (68.18%) charted an Uptrend while 10 of them (31.82%) trended down. Tickeron A.I.dvisor found 400 similar cases when WKHS's price jumped over 15% within three months. In 202 out of those 400 cases, WKHS's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for WKHS are 51%.
Current price $23.69 is above $17.39 the highest resistance line found by Tickeron A.I. Throughout the month of 08/10/20 - 09/10/20, the price experienced a +55% Uptrend. During the week of 09/02/20 - 09/10/20, the stock enjoyed a +34% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on August 31, 2020. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in 36 of 41 cases over the following month. The odds of a continued upward trend are 88%.
Following a +19.84% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, Tickeron AI shows that in 240 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
YTEN price moved above its 50-day MA on September 10, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 49 similar cases, and 44 were successful. Based on this data, the odds of success are 90%.
Current price $6.96 crossed the support line at $6.95 and is trading between $7.06 resistance and $6.95 support lines. Throughout the month of 08/10/20 - 09/10/20, the price experienced a +6% Uptrend. During the week of 09/02/20 - 09/10/20, the stock enjoyed a +49% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 10, 2020. You may want to consider a long position or call options on YTEN as a result. Tickeron AI shows that in 93 of 104 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.
The Moving Average Convergence Divergence (MACD) for YTEN just turned positive on September 10, 2020. Looking at past instances where YTEN's MACD turned positive, the stock continued to rise in 43 of 45 cases over the following month. The odds of a continued upward trend are 90%.
YTEN moved above its 50-day Moving Average on September 10, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +60.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where YTEN advanced for three days, Tickeron AI shows that in 167 of 193 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
ICAD, $10.23) price moved above its 50-day MA on August 25, 2020This price move could indicate a change in the trend, and may be a buy signal for investors.Tickeron A.I.dvisor found 52 similar cases, and 47 were successful. Based on this data, the odds of success are 90%.
Current price $10.05 crossed the support line at $10.20 and is trading between $10.20 support and $10.02 resistance lines. Throughout the month of 07/27/20 - 08/26/20, the price experienced a +8% Uptrend, while the week of 08/19/20 - 08/26/20 shows a -5% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. Tickeron AI shows that
60 of 66 cases where ICAD's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 90%.
The 10-day Moving Average for this ticker crossed above its 50-day Moving Average on August 14, 2020, which can be construed as a buy signal, indicating that the trend is shifting higher.Tickeron AI shows that in 18 of 19 similar cases where ICAD's 10-day Moving Average crossed above its 50-day Moving Average, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. Tickeron AI shows that in 37 of 44 cases where ICAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 84%.
CNDT, a quarterly gainer,rising +116.62%.Expect Uptrend reversalConduent (CNDT, $3.91) was one of top quarterly gainers, jumping +116.62% to $3.91 per share. Tickeron A.I.dvisor analyzed 142 stocks in the Miscellaneous Commercial Services Industry over the last three months, and discovered that 135 of them (94.9%) charted an Uptrend while 7 of them (5.1%) trended down. Tickeron A.I.dvisor found 109 similar cases when CNDT's price went up 15% within three months. Tickeron AI shows that in 77 out of those 109 cases, CNDT's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for CNDT are 71%.
Current price $3.76 crossed the support line at $4.34 and is trading between $4.34 support and $3.21 resistance lines. Throughout the month of 07/15/20 - 08/16/20, the price experienced a +77% Uptrend, while the week of 08/09/20 - 08/16/20 shows a -16% Downtrend.
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. Tickeron AI shows that in 14 of 19 cases where CNDT's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 74%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. Tickeron AI shows that in 16 of 23 cases where CNDT's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 70%.
CNXM a top gainer, rising +73.75%. Expect Uptrend continuationCNX Midstream Partners LP - Unit (CNXM, $10.51) was one of top quarterly gainers, jumping +73.75% to $10.51 per share. Tickeron A.I.dvisor analyzed 39 stocks in the Oil & Gas Pipelines Industry over the last three months, and discovered that 30 of them (77.78%) charted an Uptrend while 9 of them (22.22%) trended down. Tickeron A.I.dvisor found 242 similar cases when CNXM's price jumped over 15% within three months. In 163 out of those 242 cases, CNXM's price went up during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend continuation for CNXM are 67%.
Current price $10.27 crossed the resistance line at $8.30 and is trading between $10.54 support and $8.30 resistance lines. Throughout the month of 07/14/20 - 08/13/20, the price experienced a +70% Uptrend. During the week of 08/06/20 - 08/13/20, the stock enjoyed a +9% Uptrend growth.
The price moved above its 50-day Moving Average, which indicates a change from a Downtrend to an Uptrend. Tickeron AI shows that in 36 of 54 similar backtested cases where CNXM's price crossed above its 50-day Moving Average, its price rose further within the subsequent month. The odds of a continued Uptrend are 67%.
The 10-day Moving Average for this ticker crossed above its 50-day Moving Average on July 31, 2020, which can be construed as a buy signal, indicating that the trend is shifting higher. Tickeron AI shows that in 11 of 16 similar cases where CNXM's 10-day Moving Average crossed above its 50-day Moving Average, the price rose further within the following month. The odds of a continued Uptrend are 69%.
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 141 of 225 similar cases where CNXM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 63%.
PAYC, Paycom Software IncI found this pattern at tickeron website with the following data:
Rectangle Top Bullish - Emerged on Aug 13, 2020
Current confidence to reach target price = 64%
Distance to target price = 3%
Breakout (Entry) price = 302.24USD
Target (Exit) price = 319.56USD
EMERGED ON Aug 13, 2020
PRICE = 301.88USD
CONFIDENCE TO SUCCEED = 63%
CONFIRMED ON Aug 14, 2020
PRICE = 309.33USD
CONFIDENCE TO SUCCEED = 63%
Description
The Rectangle Top pattern forms when the price of a security is stuck in a range bound motion. Two horizontal lines (top: 1, 3, 5) and (bottom: 2, 4) form the pattern as the security bounces up and down between support and resistance levels. Depending on who gives up first buyers or sellers the price can breakout in either direction.
This pattern is commonly associated with directionless markets. Usually the pattern performs better when there is a strong uptrend leading into the formation.
Trade idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern height (which is the distance between the horizontal line (from top to bottom) and add it from the breakout price.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
GRWG was a top quarterly gainer, rising +133.21%GrowGeneration (GRWG, $12.5) was one of top quarterly gainers, jumping +133.21% to $12.5 per share. Tickeron A.I.dvisor analyzed 51 stocks in the Wholesale Distributors Industry over the last three months, and discovered that 51 of them (100%) charted an Uptrend while none of them (0%) trended down.
Throughout the month of 07/14/20 - 08/13/20, the price experienced a +83% Uptrend. During the week of 08/06/20 - 08/13/20, the stock enjoyed a +47% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GRWG advanced for three days, Tickeron AI shows that in 35 of 37 cases, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 52 of 54 similar cases where GRWG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
GBPRUB, Rectangle Bottom (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 5%
TARGET (EXIT) PRICE = 96.239253 RUB
BREAKOUT (ENTRY) PRICE = 95.780055 RUB
DISTANCE TO TARGET PRICE = 0.02% (2.2 pips)
EMERGED ON Aug 12, 06:00 AM (UTC)
CONFIRMED ON Aug 12, 01:14 PM (UTC)
WITH CONFIDENCE LEVEL = 73%
I found this pattern at tickeron website with the following data:
The Rectangle Bottom pattern forms when the price of a pair is stuck in a range bound motion. Two horizontal lines (1, 3, 5) and (2, 4) form the pattern as the pair bounces up and down between support and resistance levels. Depending on who gives up first buyers or sellers the price can breakout in either direction.
This pattern is commonly associated with directionless markets. Usually the pattern performs better when there is a strong downtrend leading into the formation.
Trade idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout price level. To identify an exit, compute the target price level by adding the pattern height (which is the distance between the horizontal lines) to the breakout price.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
SNDX, $15.84 price moved above its 50-day MA on August 07, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 33 similar cases, and 31 were successful. Based on this data, the odds of success are 90%.
Current price $15.23 crossed the support line at $15.52 and is trading between $15.52 support and $15.13 support lines. Throughout the month of 07/08/20 - 08/09/20, the price experienced a -1% Downtrend, while the week of 08/02/20 - 08/09/20 shows a +4% Uptrend.
Bullish Trend Analysis
The Momentum Indicator exceeded the 0 level on July 30, 2020. Traders may consider buying the ticker or exploring call options. Tickeron AI shows that in 63 of 76 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 83%.
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where SNDX's MACD histogram became positive, Tickeron AI shows that in 26 of 36 cases, the price rose further within the following month. The odds of a continued Uptrend are 72%.
FATE, $33.42) price moved above its 50-day MA on August 06, 2020This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 46 similar cases, and 46 were successful. Based on this data, the odds of success are 90%.
Current price $33.83 crossed the resistance line at $32.99 and is trading between $34.02 resistance and $32.99 resistance lines. Throughout the month of 07/07/20 - 08/06/20, the price experienced a -10% Downtrend, while the week of 07/30/20 - 08/06/20 shows a +8% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. Tickeron AI shows that
in 52 of 61 cases where FATE's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 85%.
The Momentum Indicator exceeded the 0 level on August 06, 2020. Traders may consider buying the ticker or exploring call options. Tickeron AI shows that in 75 of 84 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 89%.
XP, $50) was a top quarterly gainer, rising +99.12%XP Inc - Ordinary Shares - (XP, $50) was one of top quarterly gainers, jumping +99.12% to $50 per share. Tickeron A.I.dvisor analyzed 105 stocks in the Internet Software/Services Industry over the last three months, and discovered that 84 of them (80.25%) charted an Uptrend while 21 of them (19.75%) trended down.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) just turned positive. Considering data from situations where XP's MACD histogram became positive, Tickeron AI shows that in 2 of 2 cases, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 25 of 26 similar cases where XP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
NZDEUR, Wedge Falling (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 61%
TARGET (EXIT) PRICE = 0.564920 EUR
BREAKOUT (ENTRY) PRICE = 0.562540 EUR
DISTANCE TO TARGET PRICE = 0.33% (18.6 pips)
EMERGED ON Aug 05, 08:00 PM (UTC)
CONFIRMED ON Aug 06, 02:09 PM (UTC)
WITH CONFIDENCE LEVEL = 69%
The Falling Wedge pattern forms when the price of a pair appears to be spiraling downward, and two down-sloping lines are created with the price hitting lower lows (1, 3, 5) and lower highs (2, 4). The two pattern lines intersect to form a narrow triangle. Unlike Descending Triangle patterns, however, both lines need to have a distinct downward slope, with the top line having a steeper decline.
I found this pattern at tickeron website with the following data:
This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout).
Trade idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout point. To identify an exit, set the target price as the top of the formation (the highest high). The confirmation move is when the price breaks out of the last high touching the top line.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
NZDGBP, Triangle Symmetrical Bottom (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 61%
TARGET (EXIT) PRICE = 0.509980 GBP
BREAKOUT (ENTRY) PRICE = 0.507520 GBP
DISTANCE TO TARGET PRICE = 0.47% (23.7 pips)
EMERGED ON Aug 04, 09:00 PM (UTC)
CONFIRMED ON Aug 04, 10:45 PM (UTC)
WITH CONFIDENCE LEVEL = 69%
I found this pattern at tickeron website with the following data:
The Symmetrical Triangle Bottom pattern forms when the price of a pair fails to retest a high or a low and ultimately forms two narrowing trend lines. As the support and resistance levels consolidate, it forms a triangle (15). Symmetrical Triangles are characterized by the upper line sloping downward and lower line sloping upward. The price movement inside the triangle should fill the shape with some uniformity, without leaving large blank areas.
This pattern is commonly associated with directionless markets, since the contraction (narrowing) of the market range signals that neither bulls nor bears are in control. However, there is a distinct possibility that market participants will either pour in or sell out, and the price can move up or down with big volumes (leading up to the breakout).
Trade idea
If the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a pair or a call option at the breakout price level. To identify an exit, compute the target price by adding the pattern height from the breakout point. The height of the pattern is the difference between the highest high and lowest low.
To limit potential loss when price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
REZI a quarterly gainer, rising +130.02%.Expect Uptrend reversalResideo Technologies (REZI, $11.11) was one of top quarterly gainers, jumping +130.02% to $11.11 per share. Tickeron A.I.dvisor analyzed 140 stocks in the Miscellaneous Commercial Services Industry over the last three months, and discovered that 106 of them (75.53%) charted an Uptrend while 34 of them (24.47%) trended down. Tickeron A.I.dvisor found 22 similar cases when REZI's price went up 15% within three months. In 22 out of those 22 cases, REZI's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for REZI are 90%.
The Moving Average Convergence Divergence (MACD) crossed below the signal line.Tickeron AI shows that in 13 of 14 cases where REZI's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 90%.
The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. Tickeron AI shows that in 13 of 17 cases where REZI's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 76%.
SOLO a top gainer, rising +219.16%. Expect Uptrend reversalElectrameccanica Vehicles (SOLO, $3.16) was one of top quarterly gainers, jumping +219.16% to $3.16 per share. Tickeron A.I.dvisor analyzed 16 stocks in the Motor Vehicles Industry over the last three months, and discovered that 15 of them (93.33%) charted an Uptrend while 1 of them (6.67%) trended down. Tickeron A.I.dvisor found 93 similar cases when SOLO's price went up 15% within three months. In 93 out of those 93 cases, SOLO's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for SOLO are 90%.
Current price $3.26 is above $2.57 the highest resistance line found by Tickeron A.I. Throughout the month of 06/30/20 - 08/02/20, the price experienced a +40% Uptrend. During the week of 07/26/20 - 08/02/20, the stock enjoyed a +3% Uptrend growth.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. Tickeron AI shows that in 19 of 22 cases where SOLO's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 86%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. Tickeron AI shows that in 12 of 14 cases where SOLO's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 86%.
USDNZD, Cup-and-Handle (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 60%
TARGET (EXIT) PRICE = 1.523221 NZD
BREAKOUT (ENTRY) PRICE = 1.508226 NZD
DISTANCE TO TARGET PRICE = 0.73% (110.2 pips)
EMERGED ON Aug 02, 08:00 PM (UTC)
CONFIRMED ON Aug 03, 12:11 AM (UTC)
WITH CONFIDENCE LEVEL = 71%
I found this pattern at tickeron website with the following data:
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
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The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
EURNZD, Cup-and-Handle (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 60%
TARGET (EXIT) PRICE = 1.781810 NZD
BREAKOUT (ENTRY) PRICE = 1.777430 NZD
DISTANCE TO TARGET PRICE 0.33% (59.0 pips)
EMERGED ON Jul 31, 01:00 PM (UTC)
CONFIRMED ON Jul 31, 02:16 PM (UTC)
WITH CONFIDENCE LEVEL = 73%
I found this pattern at tickeron website with the following data:
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price/entry point. To identify an exit, compute the target price for the Cup-and-Handle pattern by adding the pattern’s height (the difference between the highest high and the bottom of the cup) to the price at the right cup lip. The confirmation move is when the security moves past the breakout price above the right cup lip.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
The Cup-and-Handle (sometimes called Cup-and-Holder) pattern is formed when the price of a security initially declines and then rises to form a “U”like rounded shape (1, 2, 3, also known as the Cup). Once it forms the right lip, it is characterized by short, relatively straight price decline (from 3 to 4) forming the handle.
The declining handle potentially forms due to mounting selling pressure created when the security tests its high at the right cup lip. After the sellers give up, the security has the potential to break out to the upside.
WTRH a quarterly gainer,rising +301%.Expect Uptrend continuationWaitr Holdings (WTRH, $5.34) was one of top quarterly gainers, jumping +301.5% to $5.34 per share. Tickeron A.I.dvisor analyzed 24 stocks in the Internet Retail Industry over the last three months, and discovered that 24 of them (100%) charted an Uptrend while none of them (0%) trended down. Tickeron A.I.dvisor found 72 similar cases when WTRH's price jumped over 15% within three months. In 43 out of those 72 cases, WTRH's price went up during the following month. Based on these historical data,Tickeron A.I. thinks the odds of an Uptrend continuation for WTRH are 60%.
Current price $5.34 is above $2.60 the highest resistance line found by Tickeron A.I. Throughout the month of 06/29/20 - 07/30/20, the price experienced a +103% Uptrend. During the week of 07/23/20 - 07/30/20, the stock enjoyed a +12% Uptrend growth.
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. Tickeron AI shows that in 50 of 89 similar cases where WTRH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.