SWRAY Stock Swire Pacific (SWRAY, $8.36) Moving Average Convergence Divergence (MACD) Histogram turned positive on October 29, 2024
SWRAY in +1.07% Uptrend, advancing for three consecutive days on November 05, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where SWRAY advanced for three days, in of 284 cases, the price rose 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 October 22, 2024. You may want to consider a long position or call options on SWRAY as a result. In of 85 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 SWRAY just turned positive on October 29, 2024. Looking at past instances where SWRAY's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
SWRAY moved above its 50-day moving average on October 18, 2024 date and that indicates a change from a downward trend to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 182 cases where SWRAY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SWRAY moved out of overbought territory on October 08, 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 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
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 SWRAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SWRAY broke above its upper Bollinger Band on October 04, 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.
