TENB, RSI Indicator left the overbought zone on January 19, 2021
This is a signal that TENB'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 24 similar cases where TENB's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 83%. Current price $56.27 is above $40.44 the highest resistance line found by Tickeron A.I. Throughout the month of 12/15/20 - 01/19/21, the price experienced a +39% Uptrend. During the week of 01/11/21 - 01/19/21, the stock enjoyed a +2% Uptrend growth.
Bearish Trend Analysis
The RSI Indicator 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.
The Moving Average Convergence Divergence Histogram (MACD) for TENB turned negative on January 06, 2021. 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's A.I.dvisor looked at 22 similar instances when the indicator turned negative. In 18 of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TENB 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 73%.
TENB broke above its upper Bollinger Band on December 15, 2020. 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 RSI Indicator 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.
The Moving Average Convergence Divergence Histogram (MACD) for TENB turned negative on January 06, 2021. 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's A.I.dvisor looked at 22 similar instances when the indicator turned negative. In 18 of the 22 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TENB 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 73%.
TENB broke above its upper Bollinger Band on December 15, 2020. 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.