AMPS in upward trend: price rose above 50-day moving average on December 06, 2023
AMPS moved above its 50-day moving average on December 06, 2023 date and that indicates a change from a downward trend to an upward trend. In of 22 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on December 06, 2023. You may want to consider a long position or call options on AMPS as a result. In of 54 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for AMPS just turned positive on December 04, 2023. Looking at past instances where AMPS's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AMPS advanced for three days, in of 145 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMPS 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. In of 97 cases where AMPS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for AMPS crossed bearishly below the 50-day moving average on November 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMPS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .