If you haven't been following Tickeron's A.I. and subscribing to patterns, you may want to start. There have been several notable pattern discoveries and trade ideas of late. Here are three.
1) Facebook (ticker: FB)
In July, Tickeron's A.I. successfully identified that Facebook had confirmed what is called a Rectangle Top Pattern. The Rectangle Top pattern forms when a stock price is stuck in a range bound motion. Two horizontal lines (1, 3, and 5 on the chart) and (2 and 4) form the pattern as the stock bounces up and down between support and resistance levels. Depending on who gives up first—buyers or sellers—the price can breakout in either direction.
Once the price breaks out from the top pattern boundary—as identified in the chart as “Breakout”— traders should consider trading with the up-trend. In this case, the A.I. cued investors by providing a Target Price, which is labeled “Success” on the chart. Investors who took the A.I.’s advice stood to make +4.89% on the trade! Check it out: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/357475ef-af11-4a3b-a07b-e9940c575f00
2) Oshkosh Corp. (ticker: OSK)
While most people were looking to Oshkosh for baby apparel and denim overalls for kids, Tickeron's A.I. was scanning Oshkosh’s stock chart for opportunities—and it found one. In July, it identified a Three Rising Valleys Pattern that led to a +10.98% gain.
The Three Rising Valleys Pattern forms when a stock subtly charts a higher course—every time it tests a low, that low is a bit higher than the previous one. As such, the price lows are arranged along an upward sloping trend line. The Three Rising Valleys Pattern often appears at the end of a declining trend—an indication that buyers are overtaking sellers, which ultimately pushes the price higher. This type of formation happens when investors shift into buying mode following a consolidation period.
Want to learn more about how this opportunity played out? Check out the pattern details here: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/b6b4501b-fe3d-4875-9a09-a062bbe3dcf6
3) Sherwin-Williams Co. (ticker: SHW)
In July, Tickeron's A.I. also successfully confirmed a stock pattern for the $30 billion paint company, Sherwin-Williams (ticker: SHW). This stock pattern was different from the Facebook and Oshkosh opportunities, however. This time, the A.I. predicted the stock’s decline, meaning that investors could have capitalized from shorting the stock or perhaps purchasing put options.
A.I. found a Head-and-Shoulders Top Pattern. This type of pattern forms when a stock is testing new highs on an uptrend, but fails to retest its highest high and break upward. Mounting selling pressure takes over each time a stock approaches its high. The pattern forms a very distinct geometrical shape of a left shoulder, head, and right shoulder. Eventually the stock stops testing highs and reverses trend into a decline.
Want to see what the pattern looks like and how A.I. successfully predicted Sherwin-Williams’ price decline? Check it out here: https://aipatterns.tickeron.com/PatternMissedOpportunityLP/2149e740-3215-4740-9d72-9ad3236898fb
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where OSK declined for three days, in of 280 cases, the price declined further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for OSK moved out of overbought territory on April 09, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on April 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on OSK as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for OSK turned negative on April 11, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
OSK broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OSK advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 243 cases where OSK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OSK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.180) is normal, around the industry mean (2.077). P/E Ratio (13.565) is within average values for comparable stocks, (24.607). Projected Growth (PEG Ratio) (5.713) is also within normal values, averaging (2.737). Dividend Yield (0.014) settles around the average of (0.055) among similar stocks. P/S Ratio (0.840) is also within normal values, averaging (118.379).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of specialized trucks & vehicle bodies
Industry TrucksConstructionFarmMachinery