This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 51 similar cases, and 41 were successful. Based on this data, the odds of success are 80%. Current price $30.14 crossed the resistance line at $30.15 and is trading between $30.15 resistance and $30.09 support lines. Throughout the month of 01/13/21 - 02/16/21, the price experienced a +2% Uptrend, while the week of 02/08/21 - 02/16/21 shows a -2% Downtrend.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 16, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on NIB as a result. Tickeron A.I. detected that in 69 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
NIB moved below its 50-day Moving Average on February 16, 2021 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NIB declined for three days, the price rose further, Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
NIB broke above its upper Bollinger Band on February 10, 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 Momentum Indicator moved below the 0 level on February 16, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on NIB as a result. Tickeron A.I. detected that in 69 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
NIB moved below its 50-day Moving Average on February 16, 2021 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NIB declined for three days, the price rose further, Tickeron A.I. shows that in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
NIB broke above its upper Bollinger Band on February 10, 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.