Question 1

What does the Stochastic Oscillator suggest about ALLO's trend?

Accepted Answer

On August 19, 2024, the Stochastic Oscillator for ALLO moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 62 instances where the indicator left the oversold zone. In 51 of the 62 cases the stock moved higher in the following days. This puts the odds of a move higher at over 0%.

Question 2

How did ALLO's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 19, 2024. You may want to consider a long position or call options on ALLO as a result. 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 0%.

Question 3

What does MACD indicator imply for ALLO?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for ALLO turned negative on July 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In 37 of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 4

What is the significance of the 50-day moving average indicator for ALLO?

Accepted Answer

ALLO moved above its 50-day moving average on August 19, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

What is the significance of the 10-day moving average indicator for ALLO?

Accepted Answer

The 10-day moving average for ALLO crossed bearishly below the 50-day moving average on August 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 0%.

Question 6

What does a 3-day decline signify for ALLO's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALLO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 86%.

Question 7

How does the Aroon Indicator reflect on ALLO's trend?

Accepted Answer

The Aroon Indicator for ALLO entered a downward trend on August 19, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ALLO Stock Allogene Therapeutics (ALLO, $2.32) Stochastic Oscillator left the oversold zone on June 07, 2024

ALLO sees its Stochastic Oscillator climbs out of oversold territory

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