tickeron

RNG, MACD Histogram just turned positive

Long
NYSE:RNG   RINGCENTRAL INC
This is a Bullish indicator signaling RNG's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 49 similar cases where RNG's MACD histogram became positive, and 40 of them led to successful outcomes. Odds of Success: 82%. Current price $302.52 is above $295.64 the highest resistance line found by Tickeron A.I. Throughout the month of 10/28/20 - 11/30/20, the price experienced a +11% Uptrend. During the week of 11/20/20 - 11/30/20, the stock enjoyed a +0.88% Uptrend growth.

Bullish Trend Analysis
The Moving Average Convergence Divergence ( MACD ) for RNG just turned positive on November 30, 2020. Looking at past instances where RNG's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 40 of 49 cases over the following month. The odds of a continued upward trend are 82%.

RNG moved above its 50-day Moving Average on November 10, 2020 date and that indicates a change from a downward trend to an upward trend.

Following a +2.89% 3-day Advance, the price is estimated to grow further. Considering data from situations where RNG advanced for three days, in 280 of 344 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 259 of 295 cases where RNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 88%.

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