ESPR, enters Uptrend as Momentum ascends above 0 level on Nov 16
This indicator may be signaling that ESPR's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron's A.I.dvisor backtested 94 similar cases where ESPR's Momentum Indicator exceeded 0, and 81 of them led to a successful outcome. Odds of Success: 86%. Current price $30.06 is below $33.39 the lowest support line found by Tickeron A.I. Throughout the month of 10/15/20 - 11/16/20, the price experienced a -13% Downtrend, while the week of 11/09/20 - 11/16/20 shows a +8% Uptrend.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ESPR's RSI Oscillator exited the oversold zone, 21 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for ESPR just turned positive on November 12, 2020. Looking at past instances where ESPR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 32 of 39 cases over the following month. The odds of a continued upward trend are 82%.
Following a +8.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESPR advanced for three days, in 262 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
ESPR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ESPR's RSI Oscillator exited the oversold zone, 21 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 78%.
The Moving Average Convergence Divergence (MACD) for ESPR just turned positive on November 12, 2020. Looking at past instances where ESPR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 32 of 39 cases over the following month. The odds of a continued upward trend are 82%.
Following a +8.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESPR advanced for three days, in 262 of 308 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
ESPR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.