Question 1

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

Accepted Answer

On August 15, 2024, the Stochastic Oscillator for DAVA 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 51 instances where the indicator left the oversold zone. In 40 of the 51 cases the stock moved higher in the following days. This puts the odds of a move higher at over 0%.

Question 2

How did DAVA's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on August 16, 2024. You may want to consider a long position or call options on DAVA as a result. In 66 of 81 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 DAVA?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for DAVA turned negative on August 01, 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 29 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 DAVA?

Accepted Answer

DAVA moved above its 50-day moving average on August 15, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 5

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

Accepted Answer

Following a +2.80% 3-day Advance, the price is estimated to grow further. Considering data from situations where DAVA advanced for three days, in 264 of 333 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 DAVA's future price movement?

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DAVA 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 79%.

Question 7

What does DAVA breaking above its upper Bollinger Band indicate?

Accepted Answer

DAVA 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 DAVA's trend?

Accepted Answer

The Aroon Indicator for DAVA 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.

DAVA Stock Endava (DAVA, $26.26) RSI Indicator left the oversold zone on June 05, 2024

DAVA sees its Stochastic Oscillator recovers from oversold territory

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