WW, price may climb as it breaks lower Bollinger Band on Oct 28
This price move could be a signal that WW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. Tickeron A.I.dvisor backtested 36 similar cases where WW's price broke its lower Bollinger Band, and 32 of them led to a successful outcome. Odds of Success: 89%. Current price $21.62 crossed the support line at $21.94 and is trading between $21.94 support and $21.01 support lines. Throughout the month of 09/28/20 - 10/28/20, the price experienced a +19% Uptrend, while the week of 10/21/20 - 10/28/20 shows a -8% Downtrend.
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 10-day Moving Average for WW crossed bullishly above the 50-day moving average on October 14, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 14 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 +5.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where WW advanced for three days, in 255 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
WW 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 160 of 184 cases where WW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.
Bullish Trend Analysis
The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 10-day Moving Average for WW crossed bullishly above the 50-day moving average on October 14, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 14 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 +5.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where WW advanced for three days, in 255 of 311 cases, the price rose further within the following month. The odds of a continued upward trend are 82%.
WW 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 160 of 184 cases where WW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.