PCRX, price exceeded its 50-day Moving Average on Oct 06, 20
This price move could indicate a change in the trend, and may be a sell signal for investors. Tickeron A.I.dvisor found 35 similar cases, and 31 were successful. Based on this data, the odds of success are 89%. Current price $57.52 crossed the resistance line at $60.33 and is trading between $60.33 resistance and $54.45 support lines. Throughout the month of 09/03/20 - 10/06/20, the price experienced a -4% Downtrend. During the week of 09/29/20 - 10/06/20, the stock fell -0.34%.
Bearish Trend Analysis
The 10-day RSI Indicator for PCRX moved out of overbought territory on August 21, 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 35 similar instances where the indicator moved out of overbought territory. In 28 of the 35 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 October 06, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on PCRX as a result. In 63 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
The Moving Average Convergence Divergence Histogram (MACD) for PCRX turned negative on August 24, 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 46 similar instances when the indicator turned negative. Tickeron A.I. detected that in 37 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 80%.
The 10-day Moving Average for PCRX crossed bearishly below the 50-day moving average on October 06, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 13 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 72%.
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 79%.
The Aroon Indicator for PCRX entered a downward trend on October 05, 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 PCRX moved out of overbought territory on August 21, 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 35 similar instances where the indicator moved out of overbought territory. In 28 of the 35 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 October 06, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on PCRX as a result. In 63 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
The Moving Average Convergence Divergence Histogram (MACD) for PCRX turned negative on August 24, 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 46 similar instances when the indicator turned negative. Tickeron A.I. detected that in 37 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 80%.
The 10-day Moving Average for PCRX crossed bearishly below the 50-day moving average on October 06, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 13 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 72%.
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 79%.
The Aroon Indicator for PCRX entered a downward trend on October 05, 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.