MRGR in upward trend: price rose above 50-day moving average on November 14, 2023
MRGR moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend. In of 48 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 November 14, 2023. You may want to consider a long position or call options on MRGR as a result. In of 99 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 MRGR just turned positive on November 15, 2023. Looking at past instances where MRGR's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The 10-day moving average for MRGR crossed bullishly above the 50-day moving average on November 20, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 3-day Advance, the price is estimated to grow further. Considering data from situations where MRGR advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 72 cases where MRGR's Stochastic Oscillator exited the overbought zone, the price fell further within 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 MRGR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MRGR broke above its upper Bollinger Band on November 14, 2023. 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 MRGR entered a downward trend on November 17, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
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MRGR and
Correlation & Price change
A.I.dvisor tells us that MRGR and EVNT have been poorly correlated (+32% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MRGR and EVNT's prices will move in lockstep.
| Ticker / NAME | Correlation To MRGR | 1D Price Change % | ||
|---|---|---|---|---|
| MRGR | 100% | -0.02% | ||
| EVNT - MRGR | 32% Poorly correlated | +0.15% | ||
| SPAX - MRGR | 8% Poorly correlated | N/A | ||
| SPCX - MRGR | 7% Poorly correlated | +0.28% | ||
| MNA - MRGR | 1% Poorly correlated | -0.04% | ||
| ARB - MRGR | 0% Poorly correlated | -0.13% | ||
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