This price move could indicate a change in the trend, and may be a buy signal for investors. Tickeron A.I.dvisor found 38 similar cases, and 32 were successful. Based on this data, the odds of success are 84%. Current price $496.17 crossed the resistance line at $497.15 and is trading between $497.15 resistance and $483.18 support lines. Throughout the month of 09/02/20 - 10/05/20, the price experienced a +0.65% Uptrend. During the week of 09/28/20 - 10/05/20, the stock enjoyed a +4% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 24, 2020. You may want to consider a long position or call options on MKTX as a result. Tickeron A.I. detected that in 49 of 66 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 74%.
The Moving Average Convergence Divergence (MACD) for MKTX just turned positive on September 24, 2020. Looking at past instances where MKTX's MACD turned positive, the stock continued to rise, Tickeron A.I. shosw that in 37 of 47 cases over the following month. The odds of a continued upward trend are 79%.
Following a +4.37% 3-day Advance, the price is estimated to grow further. Considering data from situations where MKTX advanced for three days, Tickeron A.I. shosw that in 258 of 352 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
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