Question 1

What does the Stochastic Oscillator suggest about CTEX's trend?

Accepted Answer

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 33 of 37 cases where CTEX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 89%.

Question 2

How did CTEX's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 12, 2024. You may want to consider a long position or call options on CTEX as a result. In 38 of 47 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 81%.

Question 3

What does MACD indicator imply for CTEX?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for CTEX just turned positive on September 12, 2024. Looking at past instances where CTEX's MACD turned positive, the stock continued to rise in 18 of 26 cases over the following month. The odds of a continued upward trend are 69%.

Question 4

What is the significance of the 50-day moving average indicator for CTEX?

Accepted Answer

CTEX moved above its 50-day moving average on September 13, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for CTEX?

Accepted Answer

The 10-day moving average for CTEX 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 12 of 13 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 90%.

Question 6

What does a 3-day price advance indicate for CTEX?

Accepted Answer

Following a +4.49% 3-day Advance, the price is estimated to grow further. Considering data from situations where CTEX advanced for three days, in 120 of 152 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.

Question 7

What does a 3-day decline signify for CTEX's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CTEX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.

Question 8

What does CTEX breaking above its upper Bollinger Band indicate?

Accepted Answer

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

CTEX Stock ProShares S&P Kensho Cleantech ETF (CTEX, $20.61) RSI Indicator left the oversold zone on August 08, 2024

CTEX in upward trend: 10-day moving average moved above 50-day moving average on September 20, 2024

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