Sunny Optical Technology (Group) (SOTGY, $52.84) price may drop as it broke higher Bollinger Band on May 02, 2024

A.I.dvisor
at Tickeron.com
05/03/24
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SOTGY - Sunny Optical Technology (Group) Co Ltd
Bollinger signal
Bearish Trend
Odds of DOWN Trend
Bollinger signal
Price: $52.84
Daily change: +$4.41 (+9.09%)
Daily volume: 4.4K
Capitalization: $5.6B
Industry: Electronic Components
This price move could be a signal that SOTGY may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 43 similar cases where SOTGY's price broke its higher Bollinger Band, and of them led to a successful outcome. Odds of Success:
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SOTGYDaily Signal changed days agoGain/Loss if shorted
 
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General Information

Industry ElectronicComponents

Profile
Fundamentals
Details
Industry
N/A
Address
No. 66-68, Fengle Road
Phone
+86 57462538080
Employees
26610
Web
https://www.sunnyoptical.com