RDHL, enters Downtrend as Momentum drops below 0 level 09/29/20
This indicator may be signaling that RDHL's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. Tickeron A.I.dvisor backtested 85 similar cases where RDHL's Momentum Indicator fell below the 0 level, and 71 of them led to a successful outcome. Odds of Success: 84%. Current price $10.32 is above $8.25 the highest resistance line found by Tickeron A.I. Throughout the month of 08/27/20 - 09/29/20, the price experienced a +34% Uptrend, while the week of 09/22/20 - 09/29/20 shows a -2% Downtrend.
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 38 of 50 cases where RDHL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 76%.
The Momentum Indicator moved below the 0 level on September 29, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on RDHL as a result. Tickeron A.I. detected that in 71 of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
The Moving Average Convergence Divergence Histogram (MACD) for RDHL turned negative on September 25, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 37 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 74%.
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%.
Bearish Trend Analysis
The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 38 of 50 cases where RDHL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 76%.
The Momentum Indicator moved below the 0 level on September 29, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on RDHL as a result. Tickeron A.I. detected that in 71 of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 84%.
The Moving Average Convergence Divergence Histogram (MACD) for RDHL turned negative on September 25, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 37 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 74%.
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%.