This is a Bullish indicator signaling SGMS's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 45 similar cases where SGMS's MACD histogram became positive, and 39 of them led to successful outcomes. Odds of Success: 87%. Current price $39.02 is above $35.93 the highest resistance line found by A.I. Throughout the month of 10/19/20 - 11/18/20, the price experienced a +5% Uptrend. During the week of 11/11/20 - 11/18/20, the stock enjoyed a +5% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2020. You may want to consider a long position or call options on SGMS as a result. In 63 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The Moving Average Convergence Divergence (MACD) for SGMS just turned positive on November 18, 2020. Looking at past instances where SGMS's MACD turned positive, the stock continued to rise in 39 of 45 cases over the following month. The odds of a continued upward trend are 87%.
The 50-day Moving Average for SGMS moved above the 200-day moving average on September 10, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1.48% 3-day Advance, the price is estimated to grow further. Considering data from situations where SGMS advanced for three days, in 269 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
SGMS 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 Momentum Indicator moved above the 0 level on November 03, 2020. You may want to consider a long position or call options on SGMS as a result. In 63 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.
The Moving Average Convergence Divergence (MACD) for SGMS just turned positive on November 18, 2020. Looking at past instances where SGMS's MACD turned positive, the stock continued to rise in 39 of 45 cases over the following month. The odds of a continued upward trend are 87%.
The 50-day Moving Average for SGMS moved above the 200-day moving average on September 10, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1.48% 3-day Advance, the price is estimated to grow further. Considering data from situations where SGMS advanced for three days, in 269 of 316 cases, the price rose further within the following month. The odds of a continued upward trend are 85%.
SGMS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.