Bullish Trend Analysis
The Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. Tickeron A.I. detected that in 55 of 67 cases where WLL's Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 82%.
WLL moved above its 50-day Moving Average on September 02, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for WLL crossed bullishly above the 50-day moving average on September 02, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. In 8 of 10 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 80%.
Following a +8.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where WLL advanced for three days, Tickeron A.I. shows that in 213 of 265 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
WLL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.