Heritage Global (HGBL) has recently shown promising signs of a potential uptrend in its price movement. On June 16, 2023, the Aroon Indicator for HGBL entered an uptrend, indicating the stock's positive momentum. A.I.dvisor's analysis detected that the AroonUp green line is above 70, while the AroonDown red line is below 30. This pattern suggests a bullish move could be on the horizon. Traders may consider taking a long position in the stock or exploring call options for the next month. Backtesting this indicator, A.I.dvisor found 240 similar cases, with 214 of them resulting in successful outcomes. Based on this data, the odds of success in a potential uptrend are estimated to be around 89%.
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Further emphasizing the positive outlook, the Aroon Indicator for HGBL triggered a bullish signal on the same day, confirming the upward move. Tickeron's A.I.dvisor identified the AroonUp green line above 70 and the AroonDown red line below 30, indicating a setup for a bullish move. Historical analysis of 240 similar instances revealed that in 214 cases, the stock moved higher in the days that followed, reinforcing the 89% chance of a continued upward trend.
Examining the market capitalization within the Investment Banks/Brokers Industry, the average market capitalization is 9.43B. Market capitalization for tickers in the group ranges from 13 to 928.5B. Notably, PKRSF holds the highest valuation in this group at 928.5B, while the lowest valued company is BFCH at 13.
In terms of price movements within the Investment Banks/Brokers Industry, the average weekly price growth is 1%. For the same industry, the average monthly price growth is 2%, and the average quarterly price growth is 23%. Noteworthy outliers include GREE, which experienced the highest price growth at 78%, while TCJH saw the biggest fall at -77%.
Analyzing the volume dynamics, the average weekly volume growth across all stocks in the Investment Banks/Brokers Industry is 112%. For the same stocks of the industry, the average monthly volume growth is 97%, and the average quarterly volume growth is 205%.
Heritage Global (HGBL) is showing strong indications of an uptrend, supported by the Aroon Indicator and historical analysis. Traders should consider the odds of success in an upward move and the market dynamics within the Investment Banks/Brokers Industry. Additionally, the fundamental analysis ratings provide further insights into HGBL's potential for growth.
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 HGBL declined for three days, in of 242 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where HGBL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
HGBL broke above its upper Bollinger Band on October 16, 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 Aroon Indicator for HGBL entered a downward trend on October 02, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on HGBL as a result. In of 107 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HGBL advanced for three days, in of 231 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HGBL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (1.595) is normal, around the industry mean (5.669). P/E Ratio (8.030) is within average values for comparable stocks, (33.940). HGBL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). HGBL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (1.645) is also within normal values, averaging (110.541).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HGBL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.
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 company which engages in the provision of corporate and financial asset liquidation transactions, valuations, and advisory services
Industry InvestmentBanksBrokers