PSNL, Aroon Indicator entered an Uptrend on December 10, 2020.
Over the last three days, Tickeron's A.I.dvisor has detected that PSNL'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 100 similar cases, 92 of which were successful. Based on this data, the odds of success are 90%. Current price $38.56 is above $28.17 the highest resistance line found by Tickeron A.I. Throughout the month of 11/09/20 - 12/10/20, the price experienced a +55% Uptrend. During the week of 12/03/20 - 12/10/20, the stock enjoyed a +36% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 01, 2020. You may want to consider a long position or call options on PSNL as a result. Tickeron A.I. detected that in 16 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
PSNL moved above its 50-day Moving Average on November 25, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +13.83% 3-day Advance, the price is estimated to grow further. Considering data from situations where PSNL advanced for three days, in 69 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 100 cases where PSNL 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 Momentum Indicator moved above the 0 level on December 01, 2020. You may want to consider a long position or call options on PSNL as a result. Tickeron A.I. detected that in 16 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
PSNL moved above its 50-day Moving Average on November 25, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +13.83% 3-day Advance, the price is estimated to grow further. Considering data from situations where PSNL advanced for three days, in 69 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 100 cases where PSNL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.