Over the last three days, Tickeron's A.I.dvisor has detected that PTON'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's A.I.dvisor backtested this indicator and found 99 similar cases, 92 of which were successful. Based on this data, the odds of success are 90%. Current price $142.91 is above $123.02 the highest resistance line found by Tickeron A.I. Throughout the month of 11/17/20 - 12/18/20, the price experienced a +36% Uptrend. During the week of 12/11/20 - 12/18/20, the stock enjoyed a +19% Uptrend growth.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PTON just turned positive on November 30, 2020. Looking at past instances where PTON's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 9 of 10 cases over the following month. The odds of a continued upward trend are 90%.
PTON moved above its 50-day Moving Average on December 10, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PTON crossed bullishly above the 50-day moving average on December 15, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 4 of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +4.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 79 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 99 cases where PTON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PTON just turned positive on November 30, 2020. Looking at past instances where PTON's MACD turned positive, the stock continued to rise, Tickeron A.I. detected that in 9 of 10 cases over the following month. The odds of a continued upward trend are 90%.
PTON moved above its 50-day Moving Average on December 10, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for PTON crossed bullishly above the 50-day moving average on December 15, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 4 of 4 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +4.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where PTON advanced for three days, in 79 of 85 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 92 of 99 cases where PTON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.