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AEIS, MACD Histogram just turned positive

Long
NASDAQ:AEIS   Advanced Energy Industries, Inc.
This is a Bullish indicator signaling AEIS's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 47 similar cases where AEIS's MACD histogram became positive, and 39 of them led to successful outcomes. Odds of Success: 83%. Current price $63.33 crossed the support line at $62.79 and is trading between $64.45 support and $62.79 support lines. Throughout the month of 08/26/20 - 09/28/20, the price experienced a -18% Downtrend, while the week of 09/21/20 - 09/28/20 shows a +6% Uptrend.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AEIS's RSI Oscillator exited the oversold zone, 17 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.

The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 41 of 48 cases where AEIS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.

The Moving Average Convergence Divergence (MACD) for AEIS just turned positive on September 28, 2020. Looking at past instances where AEIS's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 39 of 47 cases over the following month. The odds of a continued upward trend are 83%.

Following a +4.13% 3-day Advance, the price is estimated to grow further. Considering data from situations where AEIS advanced for three days, in 281 of 351 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
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