PSNL, Aroon Indicator entered an Uptrend on December 09, 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 $37.50 is above $28.17 the highest resistance line found by Tickeron A.I. Throughout the month of 11/06/20 - 12/09/20, the price experienced a +39% Uptrend. During the week of 12/02/20 - 12/09/20, the stock enjoyed a +28% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PSNL just turned positive on December 04, 2020. Looking at past instances where PSNL's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 10 of 13 cases over the following month. The odds of a continued upward trend are 77%.
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 +7.14% 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 Moving Average Convergence Divergence (MACD) for PSNL just turned positive on December 04, 2020. Looking at past instances where PSNL's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 10 of 13 cases over the following month. The odds of a continued upward trend are 77%.
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 +7.14% 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%.