This is a Bearish indicator signaling CCXI's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 44 similar cases where CCXI's MACD histogram became negative, and 40 of them led to successful outcomes. Odds of Success: 90%. Current price $54.37 crossed the support line at $54.54 and is trading between $54.54 support and $52.03 resistance lines. Throughout the month of 10/23/20 - 11/24/20, the price experienced a -5% Downtrend. During the week of 11/17/20 - 11/24/20, the stock fell -7%.
Bearish Trend Analysis
The 10-day RSI Indicator for CCXI moved out of overbought territory on October 08, 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 45 similar instances where the indicator moved out of overbought territory. In 36 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Momentum Indicator moved below the 0 level on November 23, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on CCXI as a result. Tickeron A.I. detected that in 80 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 83%.
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 in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
CCXI broke above its upper Bollinger Band on October 05, 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 CCXI entered a downward trend on November 11, 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 10-day RSI Indicator for CCXI moved out of overbought territory on October 08, 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 45 similar instances where the indicator moved out of overbought territory. In 36 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Momentum Indicator moved below the 0 level on November 23, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on CCXI as a result. Tickeron A.I. detected that in 80 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 83%.
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 in 50 of 62 cases within the following month. The odds of a continued downward trend are 83%.
CCXI broke above its upper Bollinger Band on October 05, 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 CCXI entered a downward trend on November 11, 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.