This is a Bullish indicator signaling WDC's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron A.I. dvisor identified 42 similar cases where WDC's MACD histogram became positive, and 33 of them led to successful outcomes. Odds of Success: 79%. Current price $38.21 crossed the support line at $38.44 and is trading between $38.44 support and $37.84 resistance lines. Throughout the month of 09/08/20 - 10/08/20, the price experienced a +6% Uptrend. During the week of 10/01/20 - 10/08/20, the stock enjoyed a +7% Uptrend growth.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WDC's RSI Oscillator exited the oversold zone, 20 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Momentum Indicator moved above the 0 level on October 08, 2020. You may want to consider a long position or call options on WDC as a result. Tickeron A.I. detected that in 61 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for WDC just turned positive on October 08, 2020. Looking at past instances where WDC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 33 of 42 cases over the following month. The odds of a continued upward trend are 79%.
WDC moved above its 50-day Moving Average on October 08, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +6.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where WDC advanced for three days, Tickeron A.I. shows that in 229 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 162 of 229 cases where WDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WDC's RSI Oscillator exited the oversold zone, 20 of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 67%.
The Momentum Indicator moved above the 0 level on October 08, 2020. You may want to consider a long position or call options on WDC as a result. Tickeron A.I. detected that in 61 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for WDC just turned positive on October 08, 2020. Looking at past instances where WDC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 33 of 42 cases over the following month. The odds of a continued upward trend are 79%.
WDC moved above its 50-day Moving Average on October 08, 2020 date and that indicates a change from a downward trend to an upward trend.
Following a +6.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where WDC advanced for three days, Tickeron A.I. shows that in 229 of 318 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. shows that in 162 of 229 cases where WDC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.