SPNS Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on June 21, 2024

A.I.dvisor
at Tickeron.com
06/24/24
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Head-and-Shoulders Top
SPNS - Sapiens International Corp
Emerged: 06/21/24
Breakout: $33.01
Price: $33.17
Target price: $32
A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for SPNS stock. This pattern was detected on June 21, 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 provider of software solutions for the financial services and insurance industry

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
26 Harokmim Street
Phone
+972 37902000
Employees
5000
Web
https://www.sapiens.com