MENU

CCSI Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending CCSI on October 25, 2023, netting in a 27.13% gain over 4 months

A.I.dvisor
at Tickeron.com
02/23/24
Loading...
+27.13% Gain from a Successful pattern Broadening Wedge Descending
CCSI - Consensus Cloud Solutions
Ticker: CCSI
Company: Consensus Cloud Solutions
Gain from shortening: +27.13%
Confirmed: 10/25/23
Succeeded: 02/22/24
Total length: 121 days
On October 24, 2023, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Consensus Cloud Solutions (CCSI, $21.23). 1 day later, on October 25, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 22, 2024, the stock hit the target price of $16.04 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

CCSI saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for CCSI moved out of overbought territory on September 05, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 34 similar instances where the indicator exited the overbought zone. In of the 34 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart
Show more
View a ticker or compare two or three
CCSI
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
700 South Flower Street
Phone
+1 323 860-9200
Employees
559
Web
https://www.consensus.com