AlTorress

KRYS, RSI Indicator left the overbought zone on January 07, 2021

Short
NASDAQ:KRYS   Krystal Biotech, Inc
This is a signal that KRYS'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 25 similar cases where KRYS's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 80%. Current price $64.14 is above $59.65 the highest support line found by Tickeron A.I. Throughout the month of 12/04/20 - 01/07/21, the price experienced a +15% Uptrend. During the week of 12/30/20 - 01/07/21, the stock enjoyed a +8% Uptrend growth.

Bearish Trend Analysis
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KRYS declined for three days, the price rose further, Tickeron A.I. detected that in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.

KRYS broke above its upper Bollinger Band on January 06, 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.