Boost Profits: Swing Trade Volatile Stocks with $CENN (+27.18%)
CENN Showcases Impressive Gains: +27.18% Growth Demonstrated
A stellar example of a medium volatility stock, CENN has recently generated an impressive return of +27.18%. This commendable performance emphasizes its potential in active trading. It is no wonder that CENN has caught the eyes of both novice and seasoned traders, further solidifying its status as a compelling stock for swing trading.
CENN's Upward Trend: A Detailed Examination of the Break from the Lower Bollinger Band
On July 27, 2023, CENN broke its lower Bollinger Band, hinting at a promising upward trend. This trend break suggests that CENN's price may continue to ascend.
This breaking event often serves as an opportunity for traders, particularly those who employ a swing trading strategy. During such instances, traders may consider buying the stock or exploring call options as the potential for profit becomes increasingly enticing.
Historical Analysis: A Look Back at CENN's Break from the Lower Bollinger Band
To understand the potential of CENN's recent break from the lower Bollinger Band, historical analysis is insightful. In 30 out of 35 cases where CENN's price broke its lower Bollinger Band, its price rose further in the following month. This historical trend translates to an 86% chance of a continued upward trend.
Such a high probability of upward movement makes CENN a significant stock to watch. This provides further evidence that traders may find benefit in considering CENN for their active trading portfolio.
CENN's recent upward trend coupled with its historical performance presents a positive outlook for swing traders. By breaking the lower Bollinger Band and showcasing a potential upward trend, CENN demonstrates promise in active trading. With a historically high chance of further price rise, it remains a medium volatility stock worth consideration.
CENN's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for CENN moved out of overbought territory on January 07, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 instances where the indicator moved out of the overbought zone. In of the 22 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
CENN broke above its upper Bollinger Band on January 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for CENN entered a downward trend on December 24, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on CENN as a result. In of 83 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 CENN just turned positive on December 26, 2024. Looking at past instances where CENN'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 .
CENN moved above its 50-day moving average on January 02, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CENN advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 (0.327) is normal, around the industry mean (6.142). P/E Ratio (0.000) is within average values for comparable stocks, (18.218). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.723). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (2.829) is also within normal values, averaging (78.580).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CENN’s price grows at a higher 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CENN’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 89, placing this stock worse than average.
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.
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
a manufacturer of intimate apparel and swimwear
Industry MotorVehicles