This is a Bullish indicator signaling UI's price could rise from here. Traders may explore going long the stock or buying call options. Tickeron's A.I. dvisor identified 42 similar cases where UI's MACD histogram became positive, and 37 of them led to successful outcomes. Odds of Success: 88%. Current price $275.44 is above $194.83 the highest resistance line found by Tickeron A.I. Throughout the month of 11/19/20 - 12/22/20, the price experienced a +15% Uptrend. During the week of 12/15/20 - 12/22/20, the stock enjoyed a +9% Uptrend growth.
Bullish Trend Analysis The Momentum Indicator moved above the 0 level on December 03, 2020. You may want to consider a long position or call options on UI as a result. Tickeron A.I. detected that in 62 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 77%.
UI moved above its 50-day Moving Average on October 05, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for UI crossed bullishly above the 50-day moving average on October 12, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 10 of 15 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%.
Following a +2.92% 3-day Advance, the price is estimated to grow further. Considering data from situations where UI advanced for three days, in 260 of 349 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
The Aroon Indicator entered an Uptrend today. Tickeron A.I. detected that in 211 of 330 cases where UI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 64%.