Over the last three days, Tickeron's A.I.dvisor has detected that RETA'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's A.I.dvisor backtested this indicator and found 255 similar cases, 226 of which were successful. Based on this data, the odds of success are 89%. Current price $164.03 crossed the support line at $165.54 and is trading between $165.54 support and $152.65 support lines. Throughout the month of 10/20/20 - 11/19/20, the price experienced a +42% Uptrend, while the week of 11/12/20 - 11/19/20 shows a -6% Downtrend.
Bullish Trend Analysis The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on RETA as a result. Tickeron A.I. detected that in 58 of 68 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
The Moving Average Convergence Divergence (MACD) for RETA just turned positive on August 28, 2020. Looking at past instances where RETA's MACD turned positive, the stock continued to rise in 26 of 33 cases over the following month. The odds of a continued upward trend are 79%.
RETA moved above its 50-day Moving Average on October 08, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for RETA crossed bullishly above the 50-day moving average on October 14, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 12 of 16 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 75%.
Following a +39.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where RETA advanced for three days, in 245 of 282 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 226 of 255 cases where RETA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
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