This is a Bullish indicator signaling OC's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 45 similar cases where OC's MACD histogram became positive, and 35 of them led to successful outcomes. Odds of Success: 78%. Current price $69.61 is above $67.33 the highest support line found by Tickeron A.I. Throughout the month of 08/28/20 - 09/30/20, the price experienced a -0.52% Downtrend, while the week of 09/23/20 - 09/30/20 shows a +4% Uptrend.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 40 of 53 cases where OC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 18, 2020. You may want to consider a long position or call options on OC as a result. In 63 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in 237 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
OC 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 188 of 263 cases where OC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 40 of 53 cases where OC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 18, 2020. You may want to consider a long position or call options on OC as a result. In 63 of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
Following a +3.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in 237 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 66%.
OC 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 188 of 263 cases where OC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.