tickeron

CVNA, Aroon Indicator entered an Uptrend on December 30, 2020.

Long
NYSE:CVNA   CARVANA CO
Over the last three days, Tickeron's A.I.dvisor has detected that CVNA'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 242 similar cases, 210 of which were successful. Based on this data, the odds of success are 87%. Current price $242.57 crossed the support line at $249.06 and is trading between $249.06 support and $227.36 support lines. Throughout the month of 11/27/20 - 12/30/20, the price experienced a +0.48% Uptrend, while the week of 12/22/20 - 12/30/20 shows a -14% Downtrend.

Bullish Trend Analysis
The Stochastic 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 Aroon 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%.

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