XEM.X in upward trend: 10-day moving average crossed above 50-day moving average on January 20, 2024
The 10-day moving average for XEM.X crossed bullishly above the 50-day moving average on January 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 13 of 20 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 65%.
Price Prediction Chart
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 16, 2024. You may want to consider a long position or call options on XEM.X as a result. In 71 of 141 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 50%.
The Moving Average Convergence Divergence (MACD) for XEM.X just turned positive on January 16, 2024. Looking at past instances where XEM.X's MACD turned positive, the stock continued to rise in 24 of 57 cases over the following month. The odds of a continued upward trend are 42%.
XEM.X moved above its 50-day moving average on January 16, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +18.81% 3-day Advance, the price is estimated to grow further. Considering data from situations where XEM.X advanced for three days, in 256 of 449 cases, the price rose further within the following month. The odds of a continued upward trend are 57%.
