This is a signal that AQUA'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 22 similar cases where AQUA's RSI Indicator left the overbought zone, and in 17 of them led to a successful outcome. Odds of Success: 77%. Current price $30.17 is above $26.73 the highest support line found by Tickeron A.I. Throughout the month of 12/16/20 - 01/20/21, the price experienced a +27% Uptrend, while the week of 01/12/21 - 01/20/21 shows a -0.36% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for AQUA moved out of overbought territory on January 20, 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 22 similar instances where the indicator moved out of overbought territory. In 17 of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 10 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 AQUA 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 69%.
AQUA broke above its upper Bollinger Band on January 11, 2021. 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 10-day RSI Indicator for AQUA moved out of overbought territory on January 20, 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 22 similar instances where the indicator moved out of overbought territory. In 17 of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 10 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 AQUA 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 69%.
AQUA broke above its upper Bollinger Band on January 11, 2021. 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.