TRX.X Crypto Tickeron detected bullish Crypto Pattern: Three Rising Valleys TRX.X on November 11, 2024, netting in a 4.85% gain over 6 days
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Momentum Indicator for TRX.X turns positive, indicating new upward trend
TRX.X saw its Momentum Indicator move above the 0 level on November 11, 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 141 similar instances where the indicator turned positive. In of the 141 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 TRX.X just turned positive on November 12, 2024. Looking at past instances where TRX.X's MACD turned positive, the stock continued to rise in of 66 cases 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 TRX.X advanced for three days, in of 506 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 427 cases where TRX.X 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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 TRX.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 .
TRX.X broke above its upper Bollinger Band on November 15, 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.
