This indicator may be signaling that CCXI's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 96 similar cases where CCXI's Momentum Indicator fell below the 0 level, and 79 of them led to a successful outcome. Odds of Success: 82%. Current price $62.78 is above $61.95 the highest resistance line found by A.I. Throughout the month of 12/10/20 - 01/13/21, the price experienced a +6% Uptrend. During the week of 01/06/21 - 01/13/21, the stock enjoyed a +7% Uptrend growth.
Bearish Trend Analysis
The 10-day RSI Indicator for CCXI moved out of overbought territory on December 16, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 37 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for CCXI turned negative on December 31, 2020. 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 45 similar instances when the indicator turned negative. In 36 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 80%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCXI 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 82%.
Bearish Trend Analysis
The 10-day RSI Indicator for CCXI moved out of overbought territory on December 16, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In 37 of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at 86%.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence Histogram (MACD) for CCXI turned negative on December 31, 2020. 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 45 similar instances when the indicator turned negative. In 36 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 80%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCXI 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 82%.