DISCK, RSI Indicator left the overbought zone on February 02

3 ก.พ. 2021

This is a signal that DISCK's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked back and found 28 similar cases where DISCK's RSI Indicator left the overbought zone, and in 24 of them led to a successful outcome. Odds of Success: 86%. Current price $34.80 is above $24.82 the highest support line found by Tickeron A.I. Throughout the month of 12/30/20 - 02/02/21, the price experienced a +31% Uptrend, while the week of 01/26/21 - 02/02/21 shows a -4% Downtrend.

Bearish Trend Analysis
The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 43 of 63 cases where DISCK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 68%.

The Moving Average Convergence Divergence Histogram (MACD) for DISCK turned negative on February 02, 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 41 similar instances when the indicator turned negative. In 31 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DISCK 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 69%.

DISCK broke above its upper Bollinger Band on January 26, 2021. 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.