TDOC, enters Uptrend as Momentum ascends above 0 level on Nov 23
This indicator may be signaling that TDOC's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. Tickeron's A.I.dvisor backtested 82 similar cases where TDOC's Momentum Indicator exceeded 0, and 66 of them led to a successful outcome. Odds of Success: 80%. Current price $187.21 crossed the support line at $187.73 and is trading between $187.73 support and $181.15 support lines. Throughout the month of 10/22/20 - 11/23/20, the price experienced a -10% Downtrend, while the week of 11/16/20 - 11/23/20 shows a +10% Uptrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 23, 2020. You may want to consider a long position or call options on TDOC as a result. Tickeron A.I. detected that in 66 of 82 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 TDOC just turned positive on November 20, 2020. Looking at past instances where TDOC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 40 of 52 cases over the following month. The odds of a continued upward trend are 77%.
Following a +9.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where TDOC advanced for three days, in 301 of 359 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
TDOC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 23, 2020. You may want to consider a long position or call options on TDOC as a result. Tickeron A.I. detected that in 66 of 82 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 TDOC just turned positive on November 20, 2020. Looking at past instances where TDOC's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 40 of 52 cases over the following month. The odds of a continued upward trend are 77%.
Following a +9.97% 3-day Advance, the price is estimated to grow further. Considering data from situations where TDOC advanced for three days, in 301 of 359 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
TDOC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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