Ault Alliance (AULT, $0.11) is a top weekly gainer for penny stocks, rising +21.28%
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.
Momentum Indicator for AULT turns negative, indicating new downward trend
AULT saw its Momentum Indicator move below the 0 level on May 16, 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 81 similar instances where the indicator turned negative. In of the 81 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
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 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 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 11 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 AULT advanced for three days, in of 84 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.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 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 (0.097) is normal, around the industry mean (25.136). P/E Ratio (0.000) is within average values for comparable stocks, (311.254). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.852). AULT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (0.091) is also within normal values, averaging (174.186).
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 77, 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
Industry AerospaceDefense
AULT and
Correlation & Price change
A.I.dvisor indicates that over the last year, AULT has been loosely correlated with ASTR. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if AULT jumps, then ASTR could also see price increases.
| Ticker / NAME | Correlation To AULT | 1D Price Change % | ||
|---|---|---|---|---|
| AULT | 100% | -1.91% | ||
| ASTR - AULT | 43% Loosely correlated | -0.76% | ||
| LILM - AULT | 42% Loosely correlated | -2.73% | ||
| RDW - AULT | 41% Loosely correlated | +0.83% | ||
| RKLB - AULT | 38% Loosely correlated | +3.15% | ||
| MNTS - AULT | 37% Loosely correlated | -1.18% | ||
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