AlTorress

AAPL, enters monthly bullish trend. Expect Uptrend continuation

Long
NASDAQ:AAPL   Apple Inc
Apple Inc ( AAPL , $116.79) is predicted by Tickeron A.I.dvisor to grow by 4% to $121.46 or more within the next month. Keeping in mind similar previously-analyzed scenarios where the stock trended up during the month, the odds of an Uptrend continuation are 89%. Current price $113.73 is above $112.13 the highest resistance line found by Tickeron A.I. Throughout the month of 08/31/20 - 10/ 01 /20, the price experienced a -9% Downtrend, while the week of 09/24/20 - 10/ 01 /20 shows a +8% Uptrend.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 30, 2020. You may want to consider a long position or call options on AAPL as a result. In 50 of 69 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 72%.

The Moving Average Convergence Divergence ( MACD ) for AAPL just turned positive on October 01 , 2020. Looking at past instances where AAPL's MACD turned positive, the stock continued to rise, Tickeron AI shows that in 28 of 39 cases over the following month. The odds of a continued upward trend are 72%.

Following a +2.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, Tickeron AI shows that in 253 of 348 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.

The Aroon Indicator entered an Uptrend today. In 323 of 446 cases where AAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.

Comments

Beautiful write up and thanks for showing the Aroon indicator as well, since I'm new to trading indicators the Aroon is a great addition for me. Thanks again for the graph and insights.
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Seems like a logical idea
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