Active Day Trading with CENN: High-Volatility Stock Yielding 10.09% ROI
Over recent weeks, the stock market has witnessed a flux of active traders leaning toward high-volatility stocks. One such stock that stands out from the crowd is CENN. With an impressive gain of 10.09%, this stock has demonstrated robust growth and potential that has sparked the interest of many day traders.
On July 11, 2023, a significant event took place in the trading history of CENN: its 10-day moving average made a bullish leap above the 50-day moving average. This momentous crossover signals that CENN's trend has veered towards the higher end, thereby signifying a buy signal for active traders.
This crossover is particularly noteworthy because it is not an isolated event. In 10 out of 11 past instances, whenever the 10-day moving average for CENN has surpassed the 50-day moving average, the stock has persisted in its upward trajectory over the subsequent month. Therefore, the crossover of these two averages could be indicative of a potent bullish momentum.
With these odds, which stand at a resounding 90%, the trend suggests a highly promising outlook for CENN. Traders keen on leveraging high-volatility stocks for active trading could find this an opportune moment to consider CENN. By keenly following such technical indicators, traders can identify when the momentum is likely to favor them.
The upward trend of CENN, as suggested by its moving averages, establishes it as a strong contender in the realm of high-volatility stocks. Day traders, with their swift and strategic moves, are poised to capitalize on such bullish trends. In essence, the understanding and application of Technical Analysis (TA) and Financial Analysis (FA) play pivotal roles in exploiting such profitable scenarios in the volatile yet rewarding stock market.
The stock market is a playing field where every single percentage point counts. With a substantial 10.09% yield, CENN undoubtedly stands out. Backed by its past performance and the promising indication of its moving averages, CENN is demonstrating its potential as a high-volatility stock to watch for in the realm of active trading.
CENN saw its Stochastic Oscillator leaves the overbought zone
The Stochastic Oscillator for CENN moved out of overbought territory on September 22, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 25 similar instances where the indicator exited the overbought zone. In of the 25 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CENN entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CENN's RSI Oscillator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on CENN as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CENN just turned positive on September 13, 2023. Looking at past instances where CENN's MACD turned positive, the stock continued to rise in of 36 cases over the following month. 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 CENN advanced for three days, in of 166 cases, the price rose further within the following month. The odds of a continued upward trend are .
CENN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.517) is normal, around the industry mean (6.743). P/E Ratio (0.000) is within average values for comparable stocks, (20.678). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.666). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.536) is also within normal values, averaging (52.056).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’s price grows at a lower 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 weak sales and an unprofitable 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 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 Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CENN’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 86, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of intimate apparel and swimwear
Industry MotorVehicles
CENN and
Correlation & Price change
A.I.dvisor indicates that over the last year, CENN has been loosely correlated with LCID. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if CENN jumps, then LCID could also see price increases.
| Ticker / NAME | Correlation To CENN | 1D Price Change % | ||
|---|---|---|---|---|
| CENN | 100% | -4.08% | ||
| LCID - CENN | 40% Loosely correlated | -1.16% | ||
| WKHS - CENN | 39% Loosely correlated | -9.06% | ||
| RIVN - CENN | 38% Loosely correlated | -4.37% | ||
| TSLA - CENN | 36% Loosely correlated | -4.23% | ||
| FSR - CENN | 35% Loosely correlated | -5.85% | ||
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