Financial markets are dynamic, with countless variables influencing the price and direction of individual stocks. In a data-driven industry, various tools and indicators provide meaningful insights that guide traders' decisions. Today, we're focusing on a particular company, FL, whose Momentum Indicator recently moved above the 0 level. This move, according to AI analysis by Tickeron, potentially signals a trend change and future upward momentum.
On May 17, 2023, FL's Momentum Indicator exceeded the 0 level, suggesting a possible shift in trend towards a positive or upward move. The Momentum Indicator is a technical analysis tool used to identify the speed or rate at which the price of an asset, in this case, FL's stock, is moving. A rise above 0 often implies that the current price is higher than the price a certain number of periods ago, indicating increased buying pressure and potential for a bullish scenario.
In the wake of this development, traders and investors could consider buying the stock or purchasing call options. Buying a call option offers the right, but not the obligation, to purchase the stock at a predetermined price within a specific timeframe. This strategy becomes profitable when the stock's price rises above the exercise price of the option, aligning well with the expected upward momentum.
Moreover, Tickeron's A.I.dvisor platform analyzed 98 similar historical instances where FL's Momentum Indicator turned positive. Out of these, the stock moved higher in 82 instances. That results in an 84% success rate, indicating strong bullish momentum following similar trends. It’s crucial to note that while these odds are compelling, they are retrospective and do not guarantee future performance.
The robust AI-driven analysis offers compelling evidence of potential upside for FL's stock. However, investors should consider this data as one piece of a much larger picture. It's vital to analyze other factors, such as the company's financial health, industry dynamics, and broader market conditions, to make well-rounded investment decisions.
The positive shift in FL's Momentum Indicator, coupled with the high success rate of similar instances in the past, suggests potential profitability for those considering a bullish position on the stock. Yet, every investment decision should be made after comprehensive analysis, taking into account various market and company-specific factors, not just a single technical indicator.
FL saw its Momentum Indicator move below the 0 level on May 19, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 98 similar instances where the indicator turned negative. In of the 98 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for FL turned negative on May 19, 2023. 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 .
FL moved below its 50-day moving average on May 19, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FL crossed bearishly below the 50-day moving average on May 08, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FL 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 FL entered a downward trend on May 30, 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 RSI Indicator shows that the ticker has stayed in the oversold zone for 6 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 FL advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
FL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (0.741) is normal, around the industry mean (3.452). P/E Ratio (9.901) is within average values for comparable stocks, (109.952). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.400). Dividend Yield (0.062) settles around the average of (0.041) among similar stocks. P/S Ratio (0.290) is also within normal values, averaging (1.556).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally 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 slightly worse than average price growth. FL’s price grows at a lower rate over the last 12 months as compared to 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. FL’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 81, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which sells athletic footwear and apparels
|MFs / NAME||Price $||Chg $||Chg %|
|BlackRock Capital Appreciation Inv A|
|Delaware Ivy Smid Cap Core Fund Class R6|
|American Funds American Balanced F2|
|Ave Maria World Equity|
|Neuberger Berman Equity Income C|
A.I.dvisor indicates that over the last year, FL has been loosely correlated with ZUMZ. These tickers have moved in lockstep 58% of the time. This A.I.-generated data suggests there is some statistical probability that if FL jumps, then ZUMZ could also see price increases.