ENPH, Aroon Indicator entered an Uptrend Over the last three days, Tickeron's A.I.dvisor has detected that ENPH'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 354 similar cases, 326 of which were successful. Based on this data, the odds of success are 90%. Current price $138.92 is above $78.71 the highest resistance line found by Tickeron A.I. Throughout the month of 10/27/20 - 11/27/20, the price experienced a +43% Uptrend. During the week of 11/19/20 - 11/27/20, the stock enjoyed a +9% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 04, 2020. You may want to consider a long position or call options on ENPH as a result. Tickeron A.I. detected that in 62 of 75 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 83%.
The Moving Average Convergence Divergence (MACD) for ENPH just turned positive on November 06, 2020. Looking at past instances where ENPH's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 42 of 47 cases over the following month. The odds of a continued upward trend are 89%.
Following a +3.34% 3-day Advance, the price is estimated to grow further. Considering data from situations where ENPH advanced for three days, in 297 of 333 cases, the price rose further within the following month. The odds of a continued upward trend are 89%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 326 of 354 cases where ENPH Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
