SPWR, Aroon Indicator entered an Uptrend on Dec 22, 2020.
Over the last three days, Tickeron's A.I.dvisor has detected that SPWR'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 169 similar cases, 148 of which were successful. Based on this data, the odds of success are 88%. Current price $29.84 is above $20.79 the highest support line found by Tickeron A.I. Throughout the month of 11/19/20 - 12/22/20, the price experienced a +46% Uptrend. During the week of 12/15/20 - 12/22/20, the stock enjoyed a +23% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 15, 2020. You may want to consider a long position or call options on SPWR as a result. Tickeron A.I. detected that in 78 of 100 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 SPWR just turned positive on December 16, 2020. Looking at past instances where SPWR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 32 of 44 cases over the following month. The odds of a continued upward trend are 73%.
Following a +20.20% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPWR advanced for three days, in 236 of 295 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 15, 2020. You may want to consider a long position or call options on SPWR as a result. Tickeron A.I. detected that in 78 of 100 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 SPWR just turned positive on December 16, 2020. Looking at past instances where SPWR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 32 of 44 cases over the following month. The odds of a continued upward trend are 73%.
Following a +20.20% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPWR advanced for three days, in 236 of 295 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
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