EBS, RSI Indicator left the overbought zone on February 01, 2021
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This is a signal that EBS'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 43 similar cases where EBS's RSI Indicator left the overbought zone, and in 32 of them led to a successful outcome. Odds of Success: 74%. Current price $115.70 crossed the resistance line at $111.41 and is trading between $122.38 resistance and $111.41 resistance lines. Throughout the month of 12/29/20 - 02/ 01 /21, the price experienced a +28% Uptrend. During the week of 01 /25/21 - 02/ 01 /21, the stock enjoyed a +9% 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 47 of 68 cases where EBS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 69%.
The 50-day Moving Average for EBS moved below the 200-day moving average on December 24, 2020. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EBS 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 64%.
EBS broke above its upper Bollinger Band on February 01 , 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 47 of 68 cases where EBS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 69%.
The 50-day Moving Average for EBS moved below the 200-day moving average on December 24, 2020. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EBS 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 64%.
EBS broke above its upper Bollinger Band on February 01 , 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.
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