SWAV, Aroon Indicator entered an Uptrend on December 01, 2020.

3 дек. 2020 г.

Over the last three days, Tickeron's A.I.dvisor has detected that SWAV'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 152 similar cases, 135 of which were successful. Based on this data, the odds of success are 89%. Current price $85.82 is above $74.75 the highest support line found by Tickeron A.I. Throughout the month of 10/30/20 - 12/02/20, the price experienced a +26% Uptrend, while the week of 11/24/20 - 12/02/20 shows a -13% Downtrend.

Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 10-day Moving Average for SWAV crossed bullishly above the 50-day moving average on November 09, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 3 of 3 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 90%.

Following a +0.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where SWAV advanced for three days, in 104 of 117 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.

SWAV 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 135 of 152 cases where SWAV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.