MDGL, Aroon Indicator entered an Uptrend on Oct 14, 2020.
Over the last three days, Tickeron A.I.dvisor has detected that MDGL'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 A.I.dvisor backtested this indicator and found 188 similar cases, 168 of which were successful. Based on this data, the odds of success are 89%. Current price $124.22 is above $121.80 the highest resistance line found by Tickeron A.I. Throughout the month of 09/14/20 - 10/14/20, the price experienced a +19% Uptrend. During the week of 10/07/20 - 10/14/20, the stock enjoyed a +1% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on MDGL as a result. Tickeron A.I. detected that in 64 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for MDGL just turned positive on October 06, 2020. Looking at past instances where MDGL's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 34 of 41 cases over the following month. The odds of a continued upward trend are 83%.
MDGL moved above its 50-day Moving Average on September 14, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for MDGL crossed bullishly above the 50-day moving average on September 17, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 9 of 12 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 75%.
Following a +3.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where MDGL advanced for three days, in 177 of 234 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 07, 2020. You may want to consider a long position or call options on MDGL as a result. Tickeron A.I. detected that in 64 of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for MDGL just turned positive on October 06, 2020. Looking at past instances where MDGL's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 34 of 41 cases over the following month. The odds of a continued upward trend are 83%.
MDGL moved above its 50-day Moving Average on September 14, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for MDGL crossed bullishly above the 50-day moving average on September 17, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 9 of 12 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 75%.
Following a +3.18% 3-day Advance, the price is estimated to grow further. Considering data from situations where MDGL advanced for three days, in 177 of 234 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.