Bullish Trend Analysis
The moved above the 0 level on November 09, 2020. You may want to consider a long position or call options on FARO as a result. Tickeron A.I. detected that in 67 of 93 past instances where the moved above 0, the stock continued to climb. The odds of a continued upward trend are 72%.
FARO moved above its 50-day Moving Average on September 28, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for FARO crossed bullishly above the 50-day moving average on October 02, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 15 of 21 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 71%.
Following a +1.86% 3-day Advance, the price is estimated to grow further. Considering data from situations where FARO advanced for three days, in 205 of 292 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
The Indicator entered an Uptrend today. Tickeron A.I. detected that in 134 of 193 cases where FARO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 69%.