Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on March 12, 2024

A.I.dvisor
at Tickeron.com
03/13/24
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Head-and-Shoulders Top
SILC - Silicom Ltd
Emerged: 03/12/24
Breakout: $15.05
Price: $15
Target price: $14.36
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for SILC stock. This pattern was detected on March 12, 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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SILCDaily Signal changed days agoGain/Loss if shorted
 
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General Information

a provider of networking solutions

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Computer Communications
Address
14 Atir Yeda Street
Phone
+972 97644555
Employees
306
Web
http://www.silicom.co.il