Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on May 03, 2024

A.I.dvisor
at Tickeron.com
05/04/24
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Head-and-Shoulders Top
NXGL - NexGel
Emerged: 05/03/24
Breakout: $2.15
Price: $2.23
Target price: $1.96
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for NXGL stock. This pattern was detected on May 03, 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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NXGLDaily Signal changed days agoGain/Loss if shorted
 
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Profile
Fundamentals
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Industry
N/A
Address
2150 Cabot Boulevard West
Phone
+1 215 702-8550
Employees
12
Web
https://www.nexgel.com