CNDT, a quarterly gainer,rising +116.62%.Expect Uptrend reversal
Conduent (CNDT, $3.91) was one of top quarterly gainers, jumping +116.62% to $3.91 per share. Tickeron A.I.dvisor analyzed 142 stocks in the Miscellaneous Commercial Services Industry over the last three months, and discovered that 135 of them (94.9%) charted an Uptrend while 7 of them (5.1%) trended down. Tickeron A.I.dvisor found 109 similar cases when CNDT's price went up 15% within three months. Tickeron AI shows that in 77 out of those 109 cases, CNDT's price went down during the following month. Based on these historical data, Tickeron A.I. thinks the odds of an Uptrend reversal for CNDT are 71%.
Current price $3.76 crossed the support line at $4.34 and is trading between $4.34 support and $3.21 resistance lines. Throughout the month of 07/15/20 - 08/16/20, the price experienced a +77% Uptrend, while the week of 08/09/20 - 08/16/20 shows a -16% Downtrend.
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. Tickeron AI shows that in 14 of 19 cases where CNDT's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 74%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. Tickeron AI shows that in 16 of 23 cases where CNDT's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 70%.
Current price $3.76 crossed the support line at $4.34 and is trading between $4.34 support and $3.21 resistance lines. Throughout the month of 07/15/20 - 08/16/20, the price experienced a +77% Uptrend, while the week of 08/09/20 - 08/16/20 shows a -16% Downtrend.
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. Tickeron AI shows that in 14 of 19 cases where CNDT's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 74%.
The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. Tickeron AI shows that in 16 of 23 cases where CNDT's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 70%.