Bearish signals for Carvana (CVNA) from...

Rick Pendergraft

published in Blogs

Mar 06, 2019

Bearish signals for Carvana (CVNA) from Tickeron’s A.I. Prediction tool

New-age car buying company Carvana (NYSE: CVNA) saw two potential bearish signs over the last few days. On March 1, the stock saw the daily stochastic readings make a bearish crossover as the indicators were in overbought territory. The 10-day RSI was also in overbought territory and fell that day.

The last time the RSI and stochastic readings were in overbought territory at the same time was in September. The stock was trading at an all-time high back then and then lost over half of its value in the fourth quarter. The stock has rallied since early February and that is what caused the oscillators to move in to overbought territory.

In addition to the bearish stochastics crossover, the Tickeron AI Prediction tool generated a bearish signal on Carvana on February 28. That signal had a confidence level of 66%, but the most impressive thing is that 94% of predictions of this kind have been accurate over the years.

Carvana’s fundamental indicators are all over the place. Earnings have been flat over the last three years and they were down 106% last quarter. Conversely, sales have increased by an average of 141% per year over the last three years.

The company doesn’t have a return on equity yet because it has been losing money ever since it went public. The profit margin is at -18.9%. The company just reported earnings on February 27 and the earnings missed estimates.

Related Tickers: CVNA

Sergey Savastiouk

published in Blogs

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If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

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Sergey Savastiouk

published in Blogs

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Edward Flores

published in Blogs

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Alla Petriaieva

published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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Rick Pendergraft

published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

May 08, 2020

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.