NWFL Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on May 09, 2024

A.I.dvisor
at Tickeron.com
05/10/24
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Head-and-Shoulders Top
NWFL - Norwood Financial Corp
Emerged: 05/09/24
Breakout: $24.16
Price: $24.26
Target price: $22.95
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for NWFL stock. This pattern was detected on May 09, 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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a regional bank

Industry RegionalBanks

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261
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