BEEM, price may climb as it breaks lower Bollinger Band on 02/18
This price move could be a signal that BEEM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. Tickeron's A.I.dvisor backtested 38 similar cases where BEEM's price broke its lower Bollinger Band, and 35 of them led to a successful outcome. Odds of Success: 90%. Current price $53.20 crossed the support line at $59.51 and is trading between $59.51 support and $35.19 support lines. Throughout the month of 01/15/21 - 02/18/21, the price experienced a -18% Downtrend. During the week of 02/10/21 - 02/18/21, the stock fell -22%.
Bullish Trend Analysis
The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day Moving Average for BEEM crossed bullishly above the 50-day moving average on October 07, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 19 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 68%.
Following a +4.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where BEEM advanced for three days, in 171 of 220 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
BEEM 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 154 of 180 cases where BEEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Bullish Trend Analysis
The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The 10-day Moving Average for BEEM crossed bullishly above the 50-day moving average on October 07, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 13 of 19 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 68%.
Following a +4.44% 3-day Advance, the price is estimated to grow further. Considering data from situations where BEEM advanced for three days, in 171 of 220 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
BEEM 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 154 of 180 cases where BEEM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.