BNB.X in upward trend: price rose above 50-day moving average on October 04, 2024

BNB.X moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend. In 35 of 58 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 60%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 31 of 67 cases where BNB.X's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 46%.

The 10-day moving average for BNB.X crossed bullishly above the 50-day moving average on September 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 18 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 50%.

Following a +2.73% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNB.X advanced for three days, in 240 of 450 cases, the price rose further within the following month. The odds of a continued upward trend are 53%.

The Aroon Indicator entered an Uptrend today. In 209 of 394 cases where BNB.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 53%.

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