The Moving Average Convergence Divergence (MACD) for ADA.X turned positive on January 29, 2024. Looking at past instances where ADA.X's MACD turned positive, the stock continued to rise in 36 of 58 cases over the following month. The odds of a continued upward trend are 62%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 66 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 188 of 304 cases where ADA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
ADA.X broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on February 01, 2024. You may want to consider a long position or call options on ADA.X as a result. In 66 of 124 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 53%.
ADA.X moved above its 50-day moving average on February 09, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +4.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where ADA.X advanced for three days, in 266 of 439 cases, the price rose further within the following month. The odds of a continued upward trend are 61%.
The Aroon Indicator entered an Uptrend today. In 188 of 304 cases where ADA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 62%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for ADA.X crossed bearishly below the 50-day moving average on January 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ADA.X declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.
ADA.X broke above its upper Bollinger Band on February 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.