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ARNA, MACD Histogram just turned negative
This is a Bearish indicator signaling ARNA's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 56 similar cases where ARNA's MACD histogram became negative, and 47 of them led to successful outcomes. Odds of Success: 84%. Current price $77.45 crossed the resistance line at $71.30 and is trading between $83.99 resistance and $71.30 resistance lines. Throughout the month of 12/08/20 - 01/11/21, the price experienced a +7% Uptrend, while the week of 01/04/21 - 01/11/21 shows a -1% Downtrend.
Bearish Trend Analysis
The 10-day RSI Indicator for ARNA moved out of overbought territory on December 29, 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 47 similar instances where the indicator moved out of overbought territory. In 37 of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at 79%.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 52 of 71 cases where ARNA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 73%.
The Momentum Indicator moved below the 0 level on January 08, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on ARNA as a result. Tickeron A.I. detected that in 73 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARNA 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 72%.
ARNA broke above its upper Bollinger Band on December 23, 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.
Bearish Trend Analysis
The 10-day RSI Indicator for ARNA moved out of overbought territory on December 29, 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 47 similar instances where the indicator moved out of overbought territory. In 37 of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at 79%.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 52 of 71 cases where ARNA's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 73%.
The Momentum Indicator moved below the 0 level on January 08, 2021. You may want to consider selling the stock, shorting the stock, or exploring put options on ARNA as a result. Tickeron A.I. detected that in 73 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ARNA 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 72%.
ARNA broke above its upper Bollinger Band on December 23, 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.
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