ENTG, price moved above its 50-day Moving Average on Sep 24, 20
This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 40 similar cases, and 33 were successful. Based on this data, the odds of success are 83%. Current price $69.56 crossed the resistance line at $62.56 and is trading between $69.57 resistance and $62.56 resistance lines. Throughout the month of 08/24/20 - 09/24/20, the price experienced a -2% Downtrend, while the week of 09/17/20 - 09/24/20 shows a +0.13% Uptrend.
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 50 cases where ENTG'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 21, 2020. You may want to consider a long position or call options on ENTG as a result. Tickeron A.I. shows that in 69 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for ENTG just turned positive on September 24, 2020. Looking at past instances where ENTG's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 32 of 48 cases over the following month. The odds of a continued upward trend are 67%.
Following a +0.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where ENTG advanced for three days, Tickeron A.I. shows that in 270 of 373 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
ENTG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 50 cases where ENTG'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 21, 2020. You may want to consider a long position or call options on ENTG as a result. Tickeron A.I. shows that in 69 of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for ENTG just turned positive on September 24, 2020. Looking at past instances where ENTG's MACD turned positive, the stock continued to rise Tickeron A.I. shows that in 32 of 48 cases over the following month. The odds of a continued upward trend are 67%.
Following a +0.77% 3-day Advance, the price is estimated to grow further. Considering data from situations where ENTG advanced for three days, Tickeron A.I. shows that in 270 of 373 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
ENTG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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