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 40 of 60 cases where XRX'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 81%.
XRX moved above its 50-day Moving Average on September 25, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for XRX crossed bullishly above the 50-day moving average on August 11, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 9 of 16 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 56%.
Following a +2.40% 3-day Advance, the price is estimated to grow further. Considering data from situations where XRX advanced for three days, in 193 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.