AlTorress

SPLK, MACD Histogram just turned positive

Long
NASDAQ:SPLK   None
This is a Bullish indicator signaling SPLK's price could rise from here. Traders may explore going long the stock or buying call options.Tickeron A.I. dvisor identified 49 similar cases where SPLK's MACD histogram became positive, and 39 of them led to successful outcomes. Odds of Success: 80%. Current price $188.46 crossed the resistance line at $184.26 and is trading between $196.80 support and $184.26 resistance lines. Throughout the month of 08/27/20 - 09/29/20, the price experienced a -13% Downtrend, while the week of 09/22/20 - 09/29/20 shows a +1% Uptrend.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SPLK's RSI Indicator exited the oversold zone, 23 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 79%.

The Moving Average Convergence Divergence (MACD) for SPLK just turned positive on September 29, 2020. Looking at past instances where SPLK's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 39 of 49 cases over the following month. The odds of a continued upward trend are 80%.

Following a +6.82% 3-day Advance, the price is estimated to grow further. Considering data from situations where SPLK advanced for three days, in 267 of 346 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 234 of 322 cases where SPLK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 73%.
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