This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron's A.I.dvisor found 41 similar cases, and 33 were successful. Based on this data, the odds of success are 80%. Current price $47.74 crossed the support line at $49.61 and is trading between $49.61 support and $47.51 support lines. Throughout the month of 01/13/21 - 02/16/21, the price experienced a -4% Downtrend. During the week of 02/08/21 - 02/16/21, the stock fell -3%.
Bearish Trend Analysis
The 10-day RSI Indicator for NVTA moved out of overbought territory on December 11, 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 34 similar instances where the indicator moved out of overbought territory. In 25 of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at 74%.
The Momentum Indicator moved below the 0 level on February 16, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on NVTA as a result. In 68 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for NVTA turned negative on February 04, 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 45 similar instances when the indicator turned negative. In 37 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.
NVTA moved below its 50-day Moving Average on February 16, 2021 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 NVTA 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 75%.
Bearish Trend Analysis
The 10-day RSI Indicator for NVTA moved out of overbought territory on December 11, 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 34 similar instances where the indicator moved out of overbought territory. In 25 of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at 74%.
The Momentum Indicator moved below the 0 level on February 16, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on NVTA as a result. In 68 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 77%.
The Moving Average Convergence Divergence Histogram (MACD) for NVTA turned negative on February 04, 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 45 similar instances when the indicator turned negative. In 37 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 82%.
NVTA moved below its 50-day Moving Average on February 16, 2021 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 NVTA 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 75%.