UTSI Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top on August 30, 2024

GET DAILY SIGNALS

Get AI intraday signals

A.I.dvisor
at Tickeron.com

Buy or Sell

View Daily Signals

09/01/24

Head-and-Shoulders Top

UTSI - UTStarcom Holdings Corp

Emerged: 08/30/24

Breakout: $2.57

Price: $2.81

Target price: $2.2

A.I.dvisor detected a bearish Head-and-Shoulders Top pattern for UTSI stock. This pattern was detected on August 30, 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.

View a ticker or compare two or three

Compare

Ad is loading...

A.I.Advisor

published price charts

A.I. Advisor

published General Information

General Information

a provider of communications equipment and services

Industry TelecommunicationsEquipment

Profile

Fundamentals

Details

Industry

Telecommunications Equipment

Address

368 Liuhe Road

Phone

+86 57181928888

Employees

241

Web

https://www.utstar.com