Terra cryptocurrency (LUNA.X, $1.26) Moving Average Convergence Divergence (MACD) Histogram turned positive on March 24, 2024
This is a Bullish indicator signaling LUNA.X's price could rise from here. Traders may explore going long the stock or buying call options. A.I. dvisor identified 51 similar cases where LUNA.X's MACD histogram became positive, and 36 of them led to successful outcomes. Odds of Success: 71%.
Technical Analysis (Indicators)
Bullish Trend Analysis
LUNA.X in +24.80% Uptrend, growing for three consecutive days on March 24, 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 LUNA.X advanced for three days, in 264 of 366 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
The Momentum Indicator moved above the 0 level on March 23, 2024. You may want to consider a long position or call options on LUNA.X as a result. In 88 of 130 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 68%.
LUNA.X moved above its 50-day moving average on February 25, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for LUNA.X crossed bullishly above the 50-day moving average on February 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 12 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 67%.
The Aroon Indicator entered an Uptrend today. In 202 of 287 cases where LUNA.X Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 70%.
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