Bullish Trend Analysis
The Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
CVNA moved above its 50-day Moving Average on November 11, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for CVNA crossed bullishly above the 50-day moving average on November 16, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 10 of 11 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 +9.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where CVNA advanced for three days, in 228 of 253 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Indicator entered an Uptrend today. Tickeron A.I. detected that in 210 of 242 cases where CVNA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.