IMUX, price may drop as it breaks higher Bollinger Band on Feb 8

2021年2月9日

This price move could be a signal that IMUX may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. Tickeron's A.I.dvisor backtested 41 similar cases where IMUX's price broke its higher Bollinger Band, and 37 of them led to a successful outcome. Odds of Success: 90%. Current price $20.32 crossed the support line at $19.51 and is trading between $20.37 resistance and $19.51 support lines. Throughout the month of 01/06/21 - 02/08/21, the price experienced a +17% Uptrend. During the week of 02/01/21 - 02/08/21, the stock enjoyed a +16% Uptrend growth.

Bearish Trend Analysis
The Stochastic Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The 10-day Moving Average for IMUX crossed bearishly below the 50-day moving average on December 29, 2020. This indicates that the trend has shifted lower and could be considered a sell signal. Tickeron A.I. detected that in 14 of 16 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 88%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IMUX 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 88%.

The Aroon Indicator for IMUX entered a downward trend on January 07, 2021. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.