BE, RSI Indicator left the overbought zone on January 07, 2021
This is a signal that BE's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 21 similar cases where BE's RSI Indicator left the overbought zone, and in 19 of them led to a successful outcome. Odds of Success: 90%. Current price $35.08 is above $26.33 the highest resistance line found by Tickeron A.I. Throughout the month of 12/04/20 - 01/07/21, the price experienced a +20% Uptrend. During the week of 12/30/20 - 01/07/21, the stock enjoyed a +18% Uptrend growth.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 23 of 26 cases where BE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BE 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 83%.
BE broke above its upper Bollinger Band on January 07, 2021. 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.
Bearish Trend Analysis
The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 23 of 26 cases where BE's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 88%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BE 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 83%.
BE broke above its upper Bollinger Band on January 07, 2021. 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.