Historically when this level is reached on the VI, the stock drops at least another 1.19%. The average drop is 10.92%. A drop beyond 10.92% is not out of the question at this point.
The current trendchannel has a bottom more than 12% from the CLOSE on December 28. My conservative move is a drop to 25.95 where the stock hit eight days in a row at the end of November.
Last time the stock was at 27.33, it dropped 11.45% over the following 11 days which also supports a pending significant drop.
The current trendchannel has a bottom more than 12% from the CLOSE on December 28. My conservative move is a drop to 25.95 where the stock hit eight days in a row at the end of November.
Last time the stock was at 27.33, it dropped 11.45% over the following 11 days which also supports a pending significant drop.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!