OVV, enters Uptrend as Momentum ascends above 0 level on Nov 02
This indicator may be signaling that OVV's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron A.I.dvisor backtested 87 similar cases where OVV's Momentum Indicator exceeded 0, and 74 of them led to a successful outcome. Odds of Success: 85%. Current price $9.65 crossed the resistance line at $9.51 and is trading between $9.81 support and $9.51 resistance lines. Throughout the month of 10/01/20 - 11/02/20, the price experienced a +31% Uptrend. During the week of 10/26/20 - 11/02/20, the stock enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OVV's RSI Indicator exited the oversold zone, 21 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 72%.
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 44 of 57 cases where OVV'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 77%.
The Momentum Indicator moved above the 0 level on November 02, 2020. You may want to consider a long position or call options on OVV as a result. Tickeron A.I. detected that in 74 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
The Moving Average Convergence Divergence (MACD) for OVV just turned positive on November 02, 2020. Looking at past instances where OVV's MACD turned positive, the stock continued to rise in 33 of 42 cases over the following month. The odds of a continued upward trend are 79%.
OVV moved above its 50-day Moving Average on November 02, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +6.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where OVV advanced for three days, in 216 of 279 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
OVV 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 153 of 212 cases where OVV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where OVV's RSI Indicator exited the oversold zone, 21 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 72%.
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 44 of 57 cases where OVV'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 77%.
The Momentum Indicator moved above the 0 level on November 02, 2020. You may want to consider a long position or call options on OVV as a result. Tickeron A.I. detected that in 74 of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 85%.
The Moving Average Convergence Divergence (MACD) for OVV just turned positive on November 02, 2020. Looking at past instances where OVV's MACD turned positive, the stock continued to rise in 33 of 42 cases over the following month. The odds of a continued upward trend are 79%.
OVV moved above its 50-day Moving Average on November 02, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +6.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where OVV advanced for three days, in 216 of 279 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.
OVV 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 153 of 212 cases where OVV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.