Ault Alliance (AULT) has recently emerged as one of the top weekly gainers in the penny stock market, with a notable rise of +21.28%. As a technical analyst, it's important to understand the factors that may have contributed to this increase in price and determine if it's a reliable indicator of a potential upward trend.
To gain a broader perspective on the Aerospace & Defense Industry, the A.I.dvisor analyzed 146 other stocks over the past week. The analysis revealed that 76.06% of the stocks exhibited an Uptrend while 23.94% exhibited a Downtrend. This suggests that the industry, as a whole, is experiencing a bullish trend.
Looking specifically at AULT, the RSI Oscillator recently ascended from oversold territory on March 13, 2023. This is a positive sign for traders as it indicates a potential shift from a downward trend to an upward trend. Traders may consider buying the stock or call options in response to this development.
The A.I.dvisor further examined 21 similar instances when the RSI Oscillator left oversold territory. In all 21 cases, the stock moved higher. This puts the odds of a move higher at 90%, which is a strong indication that AULT is likely to continue its upward trend.
It's important to note that penny stocks like AULT can be volatile and subject to rapid changes in price. As such, traders should always exercise caution and carefully consider the risks associated with investing in penny stocks.
AULT's recent surge in price is likely a result of a bullish trend in the Aerospace & Defense Industry, coupled with a positive shift in the RSI Oscillator. Traders should closely monitor the stock and keep an eye on any new developments that may impact its price.
The RSI Oscillator for AULT moved out of oversold territory on April 19, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 43 similar instances when the indicator left oversold territory. In of the 43 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where AULT's Stochastic Oscillator exited the oversold zone 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 April 29, 2024. You may want to consider a long position or call options on AULT as a result. In of 78 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 AULT just turned positive on April 22, 2024. Looking at past instances where AULT's MACD turned positive, the stock continued to rise in of 40 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 AULT advanced for three days, in of 182 cases, the price rose further within the following month. The odds of a continued upward trend are .
AULT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AULT 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 AULT entered a downward trend on April 25, 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 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 (0.199) is normal, around the industry mean (6.632). P/E Ratio (0.000) is within average values for comparable stocks, (35.182). AULT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.950). AULT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.017). P/S Ratio (0.000) is also within normal values, averaging (4.600).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. AULT’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. AULT’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 worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry AerospaceDefense