This price move could indicate a change in the trend, and may be a buy signal for investors.Tickeron A.I.dvisor found 52 similar cases, and 47 were successful. Based on this data, the odds of success are 90%.
Current price $10.05 crossed the support line at $10.20 and is trading between $10.20 support and $10.02 resistance lines. Throughout the month of 07/27/20 - 08/26/20, the price experienced a +8% Uptrend, while the week of 08/19/20 - 08/26/20 shows a -5% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. Tickeron AI shows that
60 of 66 cases where ICAD's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 90%.
The 10-day Moving Average for this ticker crossed above its 50-day Moving Average on August 14, 2020, which can be construed as a buy signal, indicating that the trend is shifting higher.Tickeron AI shows that in 18 of 19 similar cases where ICAD's 10-day Moving Average crossed above its 50-day Moving Average, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. Tickeron AI shows that in 37 of 44 cases where ICAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 84%.
Current price $10.05 crossed the support line at $10.20 and is trading between $10.20 support and $10.02 resistance lines. Throughout the month of 07/27/20 - 08/26/20, the price experienced a +8% Uptrend, while the week of 08/19/20 - 08/26/20 shows a -5% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the ticker price trend may be in a reversal from a Downtrend to an Uptrend. Tickeron AI shows that
60 of 66 cases where ICAD's Stochastic Indicator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued Uptrend are 90%.
The 10-day Moving Average for this ticker crossed above its 50-day Moving Average on August 14, 2020, which can be construed as a buy signal, indicating that the trend is shifting higher.Tickeron AI shows that in 18 of 19 similar cases where ICAD's 10-day Moving Average crossed above its 50-day Moving Average, the price rose further within the following month. The odds of a continued Uptrend are 90%.
The lower Bollinger Band was broken -- a price increase is expected as the ticker heads toward the middle band, which indicates a buy or call consideration for traders. Tickeron AI shows that in 37 of 44 cases where ICAD's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued Uptrend are 84%.