PLMR, Aroon Indicator entered an Uptrend on January 06, 2021.
Over the last three days, Tickeron's A.I.dvisor has detected that PLMR'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, 119 of which were successful. Based on this data, the odds of success are 90%. Current price $97.28 crossed the support line at $93.17 and is trading between $97.66 support and $93.17 support lines. Throughout the month of 12/03/20 - 01/06/21, the price experienced a +37% Uptrend. During the week of 12/29/20 - 01/06/21, the stock enjoyed a +2% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PLMR just turned positive on December 07, 2020. Looking at past instances where PLMR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 16 of 17 cases over the following month. The odds of a continued upward trend are 90%.
PLMR moved above its 50-day Moving Average on December 16, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PLMR crossed bullishly above the 50-day moving average on December 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 3 of 3 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 +4.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLMR advanced for three days, in 118 of 126 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 119 of 125 cases where PLMR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PLMR just turned positive on December 07, 2020. Looking at past instances where PLMR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 16 of 17 cases over the following month. The odds of a continued upward trend are 90%.
PLMR moved above its 50-day Moving Average on December 16, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PLMR crossed bullishly above the 50-day moving average on December 23, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 3 of 3 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 +4.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where PLMR advanced for three days, in 118 of 126 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 119 of 125 cases where PLMR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.