AlTorress

KOD, Aroon Indicator entered an Uptrend on Nov 11, 2020.

Long
NASDAQ:KOD   Kodiak Sciences Inc
Over the last three days, Tickeron's A.I.dvisor has detected that KOD'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 125 similar cases, 115 of which were successful. Based on this data, the odds of success are 90%. Current price $125.85 is above $71.20 the highest resistance line found by Tickeron's A.I. Throughout the month of 10/12/20 - 11/11/20, the price experienced a +65% Uptrend. During the week of 11/04/20 - 11/11/20, the stock enjoyed a +16% Uptrend growth.

Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 14, 2020. You may want to consider a long position or call options on KOD as a result. Tickeron A.I. detected that in 33 of 37 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 89%.

The Moving Average Convergence Divergence (MACD) for KOD just turned positive on September 14, 2020. Looking at past instances where KOD's MACD turned positive, the stock continued to rise in 17 of 20 cases over the following month. The odds of a continued upward trend are 85%.

The 10-day Moving Average for KOD crossed bullishly above the 50-day moving average on August 31, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 4 of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.

Following a +6.03% 3-day Advance, the price is estimated to grow further. Considering data from situations where KOD advanced for three days, in 107 of 126 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 115 of 125 cases where KOD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
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