ESPR enters Uptrend as Momentum ascends above 0 level (09/29/20)
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 A.I.dvisor backtested 96 similar cases where ESPR's Momentum Indicator exceeded 0, and 84 of them led to a successful outcome. Odds of Success: 88%. urrent price $37.50 crossed the support line at $36.87 and is trading between $37.81 support and $36.87 support lines. Throughout the month of 08/27/20 - 09/29/20, the price experienced a +10% Uptrend. During the week of 09/22/20 - 09/29/20, the stock enjoyed a +0.13% Uptrend growth.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 49 of 57 cases where ESPR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 29, 2020. You may want to consider a long position or call options on ESPR as a result. In 84 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
The Moving Average Convergence Divergence (MACD) for ESPR just turned positive on September 25, 2020. Looking at past instances where ESPR's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 33 of 39 cases over the following month. The odds of a continued upward trend are 85%.
ESPR moved above its 50-day Moving Average on September 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESPR crossed bullishly above the 50-day moving average on September 28, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 14 of 17 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 82%.
Following a +6.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESPR advanced for three days, in 267 of 310 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
ESPR 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 174 of 212 cases where ESPR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 49 of 57 cases where ESPR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 81%.
The Momentum Indicator moved above the 0 level on September 29, 2020. You may want to consider a long position or call options on ESPR as a result. In 84 of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 88%.
The Moving Average Convergence Divergence (MACD) for ESPR just turned positive on September 25, 2020. Looking at past instances where ESPR's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 33 of 39 cases over the following month. The odds of a continued upward trend are 85%.
ESPR moved above its 50-day Moving Average on September 29, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESPR crossed bullishly above the 50-day moving average on September 28, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 14 of 17 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 82%.
Following a +6.26% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESPR advanced for three days, in 267 of 310 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
ESPR 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 174 of 212 cases where ESPR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 82%.