tickeron

MDC, price moved above its 50-day Moving Average on Oct 23, 2020

Long
NYSE:MDC   M.D.C.HLDGS INC
This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 37 similar cases, and 32 were successful. Based on this data, the odds of success are 86%. Current price $45.86 crossed the resistance line at $47.13 and is trading between $47.13 resistance and $44.98 support lines. Throughout the month of 09/23/20 - 10/23/20, the price experienced a +11% Uptrend, while the week of 10/16/20 - 10/23/20 shows a -5% Downtrend.

Bullish Trend Analysis
The Stochastic 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 +2.49% 3-day Advance, the price is estimated to grow further. Considering data from situations where MDC advanced for three days, Tickeron A.I. shows that in 233 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.

MDC 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 200 of 282 cases where MDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.

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