ARCE, RSI Indicator left the overbought zone on Nov 10, 2020
This is a signal that ARCE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron A.I.dvisor looked back and found 21 similar cases where ARCE's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 90%. Current price $41.55 crossed the support line at $41.50 and is trading between $42.78 support and $41.50 support lines. Throughout the month of 10/09/20 - 11/10/20, the price experienced a +6% Uptrend. During the week of 11/03/20 - 11/10/20, the stock enjoyed a +19% Uptrend growth.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day Moving Average for ARCE crossed bearishly below the 50-day moving average on September 17, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 6 of 6 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 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further, Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
ARCE broke above its upper Bollinger Band on November 09, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ARCE entered a downward trend on November 10, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day Moving Average for ARCE crossed bearishly below the 50-day moving average on September 17, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 6 of 6 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 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further, Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
ARCE broke above its upper Bollinger Band on November 09, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ARCE entered a downward trend on November 10, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.