ESTA, Aroon Indicator entered an Uptrend on December 15, 2020.
Over the last three days, Tickeron's A.I.dvisor has detected that ESTA'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 101 similar cases, 86 of which were successful. Based on this data, the odds of success are 85%. Current price $32.16 is above $28.27 the highest resistance line found by Tickeron A.I. Throughout the month of 11/12/20 - 12/15/20, the price experienced a +29% Uptrend. During the week of 12/08/20 - 12/15/20, the stock enjoyed a +7% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 02, 2020. You may want to consider a long position or call options on ESTA as a result. Tickeron A.I. detected that in 37 of 43 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for ESTA just turned positive on December 04, 2020. Looking at past instances where ESTA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 25 cases over the following month. The odds of a continued upward trend are 80%.
ESTA moved above its 50-day Moving Average on October 21, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESTA crossed bullishly above the 50-day moving average on October 08, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 6 of 8 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 75%.
Following a +5.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTA advanced for three days, in 114 of 133 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 86 of 101 cases where ESTA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 02, 2020. You may want to consider a long position or call options on ESTA as a result. Tickeron A.I. detected that in 37 of 43 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
The Moving Average Convergence Divergence (MACD) for ESTA just turned positive on December 04, 2020. Looking at past instances where ESTA's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 25 cases over the following month. The odds of a continued upward trend are 80%.
ESTA moved above its 50-day Moving Average on October 21, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for ESTA crossed bullishly above the 50-day moving average on October 08, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 6 of 8 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 75%.
Following a +5.50% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTA advanced for three days, in 114 of 133 cases, the price rose further within the following month. The odds of a continued upward trend are 86%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 86 of 101 cases where ESTA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 85%.