This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 46 similar cases, and 39 were successful. Based on this data, the odds of success are 85%. Current price $54.00 crossed the support line at $54.54 and is trading between $54.54 support and $52.03 resistance lines. Throughout the month of 10/26/20 - 11/25/20, the price experienced a +2% Uptrend, while the week of 11/18/20 - 11/25/20 shows a -7% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for CCXI moved out of overbought territory on October 08, 2020. 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 45 similar instances where the indicator moved out of overbought territory. In 36 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Momentum Indicator moved below the 0 level on November 23, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on CCXI as a result. Tickeron A.I. detected that in 83 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
CCXI moved below its 50-day Moving Average on November 25, 2020 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 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%.
CCXI broke above its upper Bollinger Band on October 05, 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.
The Aroon Indicator for CCXI 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 10-day RSI Indicator for CCXI moved out of overbought territory on October 08, 2020. 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 45 similar instances where the indicator moved out of overbought territory. In 36 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Momentum Indicator moved below the 0 level on November 23, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on CCXI as a result. Tickeron A.I. detected that in 83 of 96 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 86%.
CCXI moved below its 50-day Moving Average on November 25, 2020 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 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%.
CCXI broke above its upper Bollinger Band on October 05, 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.
The Aroon Indicator for CCXI 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.