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 saw its Stochastic Oscillator peaks and leaves the overbought zone
The Stochastic Oscillator for CENN moved out of overbought territory on September 22, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 25 similar instances where the indicator exited the overbought zone. In of the 25 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
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 .
The Aroon Indicator for CENN entered a downward trend on September 20, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where CENN's RSI Oscillator exited the oversold zone, of 42 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 September 19, 2023. You may want to consider a long position or call options on CENN as a result. In of 85 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 September 13, 2023. Looking at past instances where CENN's MACD turned positive, the stock continued to rise in of 36 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 CENN advanced for three days, in of 166 cases, the price rose further within the following month. The odds of a continued upward trend are .
CENN 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 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 (0.517) is normal, around the industry mean (6.743). P/E Ratio (0.000) is within average values for comparable stocks, (20.678). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.666). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.536) is also within normal values, averaging (52.056).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’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. 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 86, 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
a manufacturer of intimate apparel and swimwear
Industry MotorVehicles
CENN and
Correlation & Price change
A.I.dvisor indicates that over the last year, CENN has been loosely correlated with LCID. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if CENN jumps, then LCID could also see price increases.
| Ticker / NAME | Correlation To CENN | 1D Price Change % | ||
|---|---|---|---|---|
| CENN | 100% | -4.08% | ||
| LCID - CENN | 40% Loosely correlated | -1.16% | ||
| WKHS - CENN | 39% Loosely correlated | -9.06% | ||
| RIVN - CENN | 38% Loosely correlated | -4.37% | ||
| TSLA - CENN | 36% Loosely correlated | -4.23% | ||
| FSR - CENN | 35% Loosely correlated | -5.85% | ||
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