CZR, Aroon Indicator entered an Uptrend on January 12, 2021.Over the last three days, Tickeron's A.I.dvisor has detected that CZR's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron's A.I.dvisor backtested this indicator and found 327 similar cases, 283 of which were successful. Based on this data, the odds of success are 87%. Current price $76.65 is above $74.27 the highest resistance line found by Tickeron A.I. Throughout the month of 12/09/20 - 01/12/21, the price experienced a +10% Uptrend. During the week of 01/05/21 - 01/12/21, the stock enjoyed a +6% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 06, 2021. You may want to consider a long position or call options on CZR as a result. Tickeron A.I. detected that in 65 of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 80%.
The Moving Average Convergence Divergence (MACD) for CZR just turned positive on January 12, 2021. Looking at past instances where CZR's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 35 of 46 cases over the following month. The odds of a continued upward trend are 76%.
CZR moved above its 50-day Moving Average on November 05, 2020 date and that indicates a change from a downward trend to an upward trend.
The 50-day Moving Average for CZR moved above the 200-day moving average on September 09, 2020. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +3.36% 3-day Advance, the price is estimated to grow further. Considering data from situations where CZR advanced for three days, in 291 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 283 of 327 cases where CZR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 87%.