MCW Stock Tickeron detected bullish Stock Pattern: Wedge Falling MCW on September 24, 2024, netting in a 19.40% gain over 1 month
Momentum Indicator for MCW turns positive, indicating new upward trend
MCW saw its Momentum Indicator move above the 0 level on October 25, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 67 similar instances where the indicator turned positive. In of the 67 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for MCW just turned positive on October 28, 2024. Looking at past instances where MCW's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
MCW moved above its 50-day moving average on October 25, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for MCW crossed bullishly above the 50-day moving average on October 31, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 MCW advanced for three days, in of 185 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MCW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MCW broke above its upper Bollinger Band on October 31, 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.
The Aroon Indicator for MCW entered a downward trend on October 30, 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.
