Neonode (NEON, $9.28) price may drop as it broke higher Bollinger Band on Feb 05, 2025

#ElectronicComponents, #TechnicalAnalysis, #Bollinger, #Bearish, #Stocks, #MicroCap
NEON - Neonode
Bollinger signal
Bearish Trend
89%
Odds of DOWN Trend
Price: $9.28
Daily change: +$0.51 (+5.82%)
Daily volume: 155.9K
Capitalization: $155.7M
Industry: Electronic Components

This price move could be a signal that NEON 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. A.I.dvisor backtested 46 similar cases where NEON's price broke its higher Bollinger Band, and 41 of them led to a successful outcome. Odds of Success: 89%.