This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 52 similar cases, and 43 were successful. Based on this data, the odds of success are 83%. Current price $44.59 crossed the resistance line at $43.58 and is trading between $45.00 resistance and $43.58 resistance lines. Throughout the month of 09/02/20 - 10/05/20, the price experienced a -7% Downtrend, while the week of 09/28/20 - 10/05/20 shows a +2% Uptrend.
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 52 of 64 cases where MTZ'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 October 05, 2020. You may want to consider a long position or call options on MTZ as a result. Tickeron A.I. detected that in 75 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for MTZ just turned positive on October 05, 2020. Looking at past instances where MTZ's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 38 of 54 cases over the following month. The odds of a continued upward trend are 70%.
Following a +5.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTZ advanced for three days, in 228 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
MTZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 52 of 64 cases where MTZ'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 October 05, 2020. You may want to consider a long position or call options on MTZ as a result. Tickeron A.I. detected that in 75 of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
The Moving Average Convergence Divergence (MACD) for MTZ just turned positive on October 05, 2020. Looking at past instances where MTZ's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 38 of 54 cases over the following month. The odds of a continued upward trend are 70%.
Following a +5.78% 3-day Advance, the price is estimated to grow further. Considering data from situations where MTZ advanced for three days, in 228 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
MTZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.