BYU in upward trend: price may ascend as a result of having broken its lower Bollinger Band on November 15, 2024
BYU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 44 cases where BYU's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where BYU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on December 05, 2024. You may want to consider a long position or call options on BYU as a result. In of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Bearish Trend Analysis
The Aroon Indicator for BYU entered a downward trend on November 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
BYU and Stocks
Correlation & Price change
A.I.dvisor tells us that BYU and SKE have been poorly correlated (+21% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BYU and SKE's prices will move in lockstep.