TWST, RSI Indicator left the overbought zone on January 21, 2021
This is a signal that TWST'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 TWST's RSI Indicator left the overbought zone, and in 20 of them led to a successful outcome. Odds of Success: 83%. Current price $191.80 is above $104.05 the highest support line found by Tickeron A.I. Throughout the month of 12/17/20 - 01/21/21, the price experienced a +35% Uptrend. During the week of 01/13/21 - 01/21/21, the stock enjoyed a +16% Uptrend growth.
Bearish Trend Analysis
The 10-day RSI Indicator for TWST moved out of overbought territory on January 21, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator moved out of overbought territory. In 20 of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at 83%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TWST 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 78%.
Bearish Trend Analysis
The 10-day RSI Indicator for TWST moved out of overbought territory on January 21, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator moved out of overbought territory. In 20 of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at 83%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TWST 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 78%.