Canaan (CAN, $2.97) RSI Indicator left the overbought zone on December 17, 2024

#ComputerPeripherals, #TechnicalAnalysis, #RSI, #Bearish, #PennyStocks, #SmallCap
CAN - Canaan
RSI signal
Bearish Trend
86%
Odds of DOWN Trend
Price: $2.97
Daily change: -$0.12 (-3.88%)
Daily volume: 17.9M
Capitalization: $856.2M
Industry: Computer Peripherals

This is a signal that CAN'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 29 similar cases where CAN's RSI Indicator left the overbought zone, and in 25 of them led to a successful outcome. Odds of Success: 86%.