ELSE Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on May 22, 2024

A.I.dvisor
at Tickeron.com
05/23/24
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Head-and-Shoulders Top
ELSE - Electro-Sensors
Emerged: 05/22/24
Breakout: $4.05
Price: $4.08
Target price: $3.88
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for ELSE stock. This pattern was detected on May 22, 2024 . The odds of reaching the target price are 6. The pattern forms with a center peak (the Head, labeled 3) and left and right Shoulders (1, 5). Eventually the security stops testing highs and reverses trend into a decline. Consider selling a security short before it declines or buying a put option to benefit from the price decline. To improve success chances, wait for a confirmation move: allow the price to break below the Neckline level (2, 4), which is calculated as the average of the two lows between the Head and the Shoulders.
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General Information

a maker of speed monitoring and motor control systems for industrial machinery

Industry ElectronicEquipmentInstruments

Profile
Fundamentals
Details
Industry
Industrial Machinery
Address
6111 Blue Circle Drive
Phone
+1 952 930-0100
Employees
35
Web
https://www.electro-sensors.com