ICAD, Stochastic Oscillator left the oversold zone on Oct 29, 20This is a signal that ICAD's price trend could be reversing, and it may be an opportunity to buy the stock or explore call options. Tickeron A.I.dvisor identified 69 similar cases where ICAD's stochastic oscillator exited the oversold zone, and 62 of them led to successful outcomes. Odds of Success: 90%. Current price $9.76 crossed the resistance line at $9.80 and is trading between $9.80 resistance and $9.63 support lines. Throughout the month of 09/29/20 - 10/29/20, the price experienced a +12% Uptrend, while the week of 10/22/20 - 10/29/20 shows a -12% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 05, 2020. You may want to consider a long position or call options on ICAD as a result. Tickeron A.I. detected that in 69 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 82%.
The Moving Average Convergence Divergence (MACD) for ICAD just turned positive on October 06, 2020. Looking at past instances where ICAD's MACD turned positive, the stock continued to rise in 36 of 43 cases over the following month. The odds of a continued upward trend are 84%.
ICAD moved above its 50-day Moving Average on October 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ICAD crossed bullishly above the 50-day moving average on October 22, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 16 of 20 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 80%.
Following a +8.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where ICAD advanced for three days, in 212 of 255 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 167 of 198 cases where ICAD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 84%.
