CELO.X Crypto Celo cryptocurrency (CELO.X, $0.77) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 17, 2024
Aroon Indicator for CELO.X shows an upward move is likely
CELO.X's Aroon Indicator triggered a bullish signal on October 19, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 245 similar instances where the Aroon Indicator showed a similar pattern. In of the 245 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for CELO.X just turned positive on October 18, 2024. Looking at past instances where CELO.X's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .
CELO.X moved above its 50-day moving average on September 18, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for CELO.X crossed bullishly above the 50-day moving average on September 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CELO.X advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CELO.X moved out of overbought territory on October 16, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CELO.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CELO.X broke above its upper Bollinger Band on October 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
