tickeron

XENE, Aroon Indicator entered an Uptrend on March 23, 2021.

Long
NASDAQ:XENE   XENON PHARMACEUTICALS INC
Over the last three days, Tickeron's dvisor has detected that XENE'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 241 similar cases, 219 of which were successful. Based on this data, the odds of success are 90%. Current price $17.15 is above $16.51 the highest resistance line found by Tickeron A.I. Throughout the month of 02/19/21 - 03/23/21, the price experienced a +17% Uptrend, while the week of 03/16/21 - 03/23/21 shows a -10% Downtrend.

Bullish Trend Analysis
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

XENE moved above its 50-day Moving Average on February 19, 2021 date and that indicates a change from a downward trend to an upward trend.

The 50-day Moving Average for XENE moved above the 200-day moving average on January 08, 2021. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where XENE advanced for three days, in 219 of 252 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.

XENE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 219 of 241 cases where XENE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 90%.

Full information about signal at tickeron.com/news/10135276-xenon-pharmaceuticals-s-xene-17-51-aroon-indicator-entered-an-uptrend-on-march-23-2021?utm_source=reddit&utm_medium=social&utm_campaign=test&utm_content=signal

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