PTCT, Aroon Indicator entered an Uptrend on January 14, 2021.Over the last three days, Tickeron's A.I.dvisor has detected that PTCT'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 297 similar cases, 264 of which were successful. Based on this data, the odds of success are 89%. Current price $68.48 is above $64.73 the highest support line found by Tickeron A.I. Throughout the month of 12/11/20 - 01/14/21, the price experienced a +6% Uptrend, while the week of 01/07/21 - 01/14/21 shows a -0.29% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2021. You may want to consider a long position or call options on PTCT as a result. Tickeron A.I. detected that in 78 of 94 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 PTCT just turned positive on January 07, 2021. Looking at past instances where PTCT's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 44 of 53 cases over the following month. The odds of a continued upward trend are 83%.
PTCT moved above its 50-day Moving Average on January 05, 2021 date and that indicates a change from a downward trend to an upward trend.
The 50-day Moving Average for PTCT moved above the 200-day moving average on November 03, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +6.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTCT advanced for three days, Tickeron A.I. detected that in 300 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
PTCT 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 264 of 297 cases where PTCT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 89%.
