AlTorress

CRNC, Aroon Indicator entered an Uptrend on December 28, 2020.

Long
NASDAQ:CRNC   Cerence Inc
Over the last three days, Tickeron's A.I.dvisor has detected that CRNC'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 98 similar cases, 94 of which were successful. Based on this data, the odds of success are 90%. Current price $100.98 is above $61.60 the highest support line found by Tickeron A.I. Throughout the month of 11/24/20 - 12/28/20, the price experienced a +20% Uptrend. During the week of 12/18/20 - 12/28/20, the stock enjoyed a +3% Uptrend growth.

Bullish Trend Analysis
The Moving Average Convergence Divergence ( MACD ) for CRNC just turned positive on December 17, 2020. Looking at past instances where CRNC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 8 of 9 cases over the following month. The odds of a continued upward trend are 89%.

CRNC moved above its 50-day Moving Average on October 07, 2020 date and that indicates a change from a downward trend to an upward trend.

The 10-day Moving Average for CRNC crossed bullishly above the 50-day moving average on October 16, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 2 of 2 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 +7.98% 3-day Advance, the price is estimated to grow further. Considering data from situations where CRNC advanced for three days, in 77 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 94 of 98 cases where CRNC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.