HUN, MACD Histogram just turned positive

7 окт. 2020 г.

This is a Bullish indicator signaling HUN's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 49 similar cases where HUN's MACD histogram became positive, and 41 of them led to successful outcomes. Odds of Success: 84%. Current price $23.86 is above $22.85 the highest resistance line found by Tickeron A.I. Throughout the month of 09/03/20 - 10/06/20, the price experienced a +5% Uptrend. During the week of 09/29/20 - 10/06/20, the stock enjoyed a +7% Uptrend growth.

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 HUN as a result. In 63 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.

The Moving Average Convergence Divergence (MACD) for HUN just turned positive on October 06, 2020. Looking at past instances where HUN's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 41 of 49 cases over the following month. The odds of a continued upward trend are 84%.

Following a +6.35% 3-day Advance, the price is estimated to grow further. Considering data from situations where HUN advanced for three days, in 251 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

HUN 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. Tickeron A.I. detected that in 214 of 262 cases where HUN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.