This is a signal that PFPT's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. Tickeron's A.I.dvisor identified 62 similar cases where PFPT's stochastic oscillator exited the overbought zone, and 52 of them led to successful outcomes. Odds of Success: 84%. Current price $98.71 is below $100.68 the lowest support line found by Tickeron A.I. Throughout the month of 10/19/20 - 11/18/20, the price experienced a -11% Downtrend. During the week of 11/11/20 - 11/18/20, the stock fell -3%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 18, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on PFPT as a result. Tickeron A.I. detected that in 69 of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
PFPT moved below its 50-day Moving Average on October 23, 2020 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for PFPT crossed bearishly below the 50-day moving average on October 29, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 11 of 15 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 73%.
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 68%.
The Aroon Indicator for PFPT entered a downward trend on November 11, 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.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 18, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on PFPT as a result. Tickeron A.I. detected that in 69 of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
PFPT moved below its 50-day Moving Average on October 23, 2020 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for PFPT crossed bearishly below the 50-day moving average on October 29, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 11 of 15 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 73%.
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 68%.
The Aroon Indicator for PFPT entered a downward trend on November 11, 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.