This is a signal that BEEM's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. Tickeron A.I.dvisor identified 67 similar cases where BEEM's stochastic oscillator exited the overbought zone, and 60 of them led to successful outcomes. Odds of Success: 90%. Current price $19.67 is above $14.50 the highest resistance line found by Tickeron A.I. Throughout the month of 10/05/20 - 11/04/20, the price experienced a -0.23% Downtrend, while the week of 10/28/20 - 11/04/20 shows a +17% Uptrend.
Bearish Trend Analysis
The 10-day RSI Indicator for BEEM moved out of overbought territory on October 06, 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 19 similar instances where the indicator moved out of overbought territory. Tickeron A.I. detected that in 17 of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at 89%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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%.
BEEM broke above its upper Bollinger Band on November 04, 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.
The Aroon Indicator for BEEM entered a downward trend on September 09, 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 BEEM moved out of overbought territory on October 06, 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 19 similar instances where the indicator moved out of overbought territory. Tickeron A.I. detected that in 17 of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at 89%.
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
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%.
BEEM broke above its upper Bollinger Band on November 04, 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.
The Aroon Indicator for BEEM entered a downward trend on September 09, 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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.