(Bullish Signal) LGIH, Aroon Indicator entered an Uptrend on February 11, 2021.
Over the last three days, Tickeron's A.I.dvisor has detected that LGIH'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 370 similar cases, 321 of which were successful. Based on this data, the odds of success are 87%. Current price $123.42 crossed the support line at $117.53 and is trading between $126.76 resistance and $117.53 support lines. Throughout the month of 01/11/21 - 02/11/21, the price experienced a +24% Uptrend. During the week of 02/04/21 - 02/11/21, the stock enjoyed a +11% Uptrend growth.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 20, 2021. You may want to consider a long position or call options on LGIH as a result. Tickeron A.I. detected that in 72 of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 84%.
The Moving Average Convergence Divergence (MACD) for LGIH just turned positive on January 20, 2021. Looking at past instances where LGIH's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 34 of 46 cases over the following month. The odds of a continued upward trend are 74%.
LGIH moved above its 50-day Moving Average on February 01, 2021 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for LGIH crossed bullishly above the 50-day moving average on January 29, 2021. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 12 of 14 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 86%.
Following a +4.52% 3-day Advance, the price is estimated to grow further. Considering data from situations where LGIH advanced for three days, in 286 of 339 cases, the price rose further within the following month. The odds of a continued upward trend are 84%.
Posted Feb 12, 2021, 4:54 PM UTC