Artificial Intelligence (AI) has revolutionized the world of finance by providing insights and predictions that were previously impossible to generate. One such example is the recent performance of CPE, where an AI bot generated gains of 9.48% through its algorithmic trading strategies.
However, the gains generated by the AI bot are not the only positive sign for CPE. The Stochastic Oscillator, a technical analysis tool used to measure the momentum of a stock, shows that CPE has been in the oversold zone for the past 3 days. This indicates that the price of CPE may bounce back soon as the longer a stock stays in the oversold zone, the more likely an upward trend is expected.
The oversold zone is an area on the Stochastic Oscillator chart where the price of a stock has fallen too far too fast and is therefore considered undervalued. This oversold condition can often be an opportunity for traders to buy the stock at a discounted price before the price begins to rise.
The Stochastic Oscillator works by comparing the closing price of a stock to its price range over a given period. The resulting calculation is then plotted on a chart ranging from 0 to 100, with 0 being the oversold zone and 100 being the overbought zone.
In the case of CPE, the oversold condition suggests that the stock may be undervalued and due for a price correction. The longer the stock stays in this zone, the more likely it is to reverse and move upwards.
While the Stochastic Oscillator is a powerful tool for technical analysis, it is important to note that it is not infallible and should be used in conjunction with other indicators and analysis.
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 CPE declined for three days, in of 314 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CPE as a result. In of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
CPE moved below its 50-day moving average on May 25, 2023 date and that indicates a change from an upward trend to a downward trend.
The Aroon Indicator for CPE entered a downward trend on May 12, 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.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for CPE just turned positive on May 17, 2023. Looking at past instances where CPE's MACD turned positive, the stock continued to rise in of 41 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 CPE advanced for three days, in of 281 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 very 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 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 (0.533) is normal, around the industry mean (6.032). P/E Ratio (1.353) is within average values for comparable stocks, (15.522). Projected Growth (PEG Ratio) (0.116) is also within normal values, averaging (55.807). Dividend Yield (0.000) settles around the average of (0.093) among similar stocks. P/S Ratio (0.647) is also within normal values, averaging (147.296).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CPE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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. CPE’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 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of oil and gas properties
|MFs / NAME||Price $||Chg $||Chg %|
|Columbia Overseas Value Inst2|
|Goldman Sachs Mid Cap Growth Instl|
|BNY Mellon US Equity A|
|Knights of Columbus Long/Short Eq I|
|American Funds American Mutual F1|
A.I.dvisor indicates that over the last year, CPE has been closely correlated with PDCE. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if CPE jumps, then PDCE could also see price increases.
|PDCE - CPE|
|VTLE - CPE|
|MTDR - CPE|
|MRO - CPE|
|MGY - CPE|