Bearish Trend Analysis
The moved below the 0 level on September 30, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on LPT.X as a result. Tickeron A.I. detected that in 26 of 30 cases where the fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 87%.
LPT.X moved below its 50-day Moving Average on September 26, 2020 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for LPT.X crossed bearishly below the 50-day moving average on September 25, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 5 of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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%.
The Indicator for LPT.X entered a downward trend on October 27, 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.