New Relic (NEWR, $86.67) RSI Indicator left the overbought zone on October 31, 2023

#PackagedSoftware, #TechnicalAnalysis, #RSI, #Bearish, #Stocks, #MidCap
NEWR - New Relic
RSI signal
Bearish Trend
73%
Odds of DOWN Trend
Price: $86.67
Daily change: +$0.13 (+0.15%)
Daily volume: 734.1K
Industry: Packaged Software

This is a signal that NEWR's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 37 similar cases where NEWR's RSI Indicator left the overbought zone, and in 27 of them led to a successful outcome. Odds of Success: 73%.