Over the last three days, Tickeron A.I.dvisor has detected that FVRR'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 A.I.dvisor backtested this indicator and found 105 similar cases, 101 of which were successful. Based on this data, the odds of success are 90%. Current price $149.19 crossed the support line at $157.92 and is trading between $157.92 support and $133.07 resistance lines. Throughout the month of 09/24/20 - 10/26/20, the price experienced a +23% Uptrend, while the week of 10/19/20 - 10/26/20 shows a -13% Downtrend.
Bullish Trend Analysis
Indicator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +4.41% 3-day Advance, the price is estimated to grow further. Considering data from situations where FVRR advanced
for three days, in 89 of 97 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
Indicator entered an Uptrend today. Tickeron A.I. detected that in 101 of 105 cases where FVRR
Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.