Question 1

What implications does the 10-day RSI indicator have for BNGO?

Accepted Answer

The RSI Indicator for BNGO moved out of oversold territory on August 15, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 47 similar instances when the indicator left oversold territory. In 37 of the 47 cases the stock moved higher. This puts the odds of a move higher at 0%.

Question 2

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

Accepted Answer

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Question 3

How did BNGO'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 BNGO as a result. In 60 of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 0%.

Question 4

What does MACD indicator imply for BNGO?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for BNGO just turned positive on August 16, 2024. Looking at past instances where BNGO's MACD turned positive, the stock continued to rise in 34 of 41 cases over the following month. The odds of a continued upward trend are 0%.

Question 5

What does a 3-day price advance indicate for BNGO?

Accepted Answer

Following a +7.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNGO advanced for three days, in 180 of 226 cases, the price rose further within the following month. The odds of a continued upward trend are 0%.

Question 6

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

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNGO 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 87%.

Question 7

What does BNGO breaking above its upper Bollinger Band indicate?

Accepted Answer

BNGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Question 8

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

Accepted Answer

The Aroon Indicator for BNGO 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.

BNGO Stock Tickeron detected bullish Stock Pattern: Wedge Falling BNGO on May 14, 2024, netting in a 13.55% gain over 1 month

BNGO's RSI Oscillator ascending out of oversold territory

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