BPMC, enters Downtrend as Momentum drops below 0 level on Nov 18
This indicator may be signaling that BPMC'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's A.I.dvisor backtested 79 similar cases where BPMC's Momentum Indicator fell below the 0 level, and 70 of them led to a successful outcome. Odds of Success: 89%. Current price $98.02 crossed the support line at $95.79 and is trading between $98.91 resistance and $95.79 support lines. Throughout the month of 10/20/20 - 11/19/20, the price experienced a -6% Downtrend. During the week of 11/12/20 - 11/19/20, the stock fell -4%.
Bearish Trend Analysis
The 10-day RSI Indicator for BPMC moved out of overbought territory on October 30, 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 33 similar instances where the indicator moved out of overbought territory. In 27 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 82%.
The Momentum Indicator moved below the 0 level on November 18, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on BPMC as a result. In 69 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 87%.
The Moving Average Convergence Divergence Histogram (MACD) for BPMC turned negative on October 21, 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's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In 42 of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at 79%.
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 77%.
Bearish Trend Analysis
The 10-day RSI Indicator for BPMC moved out of overbought territory on October 30, 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 33 similar instances where the indicator moved out of overbought territory. In 27 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 82%.
The Momentum Indicator moved below the 0 level on November 18, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on BPMC as a result. In 69 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 87%.
The Moving Average Convergence Divergence Histogram (MACD) for BPMC turned negative on October 21, 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's A.I.dvisor looked at 53 similar instances when the indicator turned negative. In 42 of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at 79%.
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 77%.