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published in Blogs
Jul 06, 2019

Chinese internet video provider iQIYI hits downward sloped trend line

You might call iQIYI (Nasdaq: IQ) the Netflix of China. The company offers online entertainment via its internet platform and the selections include professionally licensed and produced material as well as self-produced content. It is a subsidiary of Baidu Holdings and is based in Beijing.

The stock has not been performing very well over the last few months and has been trending lower. The price peaked at just over $29 a share back in February and dropped below $17.50 in early June. A downward sloped trend line connects the highs from February and March and the stock just hit that trend line on July 1.

The oscillators moved into overbought territory in the first few days of the month and have since turned lower. The daily stochastic readings made a bearish crossover on July 3 and that could be a bad sign for the stock.

The Tickeron Trend Prediction Engine generated a bearish signal for iQIYI on July 3 and the signal calls for a drop of at least 4% over the next month. The signal showed a confidence level of 88%. Past predictions on the stock have been successful 74% of the time.

The company has been losing money up to this point and that has caused the fundamental ratings to be below average.

Related Ticker: IQ

Aroon Indicator for IQ shows an upward move is likely

IQ's Aroon Indicator triggered a bullish signal on March 21, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 192 similar instances where the Aroon Indicator showed a similar pattern. In of the 192 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 28, 2024. You may want to consider a long position or call options on IQ as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

IQ moved above its 50-day moving average on March 08, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for IQ crossed bullishly above the 50-day moving average on March 13, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 IQ advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for IQ moved out of overbought territory on March 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

IQ broke above its upper Bollinger Band on March 08, 2024. 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 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 (2.432) is normal, around the industry mean (5.470). P/E Ratio (15.630) is within average values for comparable stocks, (90.879). Projected Growth (PEG Ratio) (0.132) is also within normal values, averaging (2.822). Dividend Yield (0.000) settles around the average of (0.191) among similar stocks. P/S Ratio (0.937) is also within normal values, averaging (27.350).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. IQ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

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. IQ’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.

Notable companies

The most notable companies in this group are Netflix (NASDAQ:NFLX), Walt Disney Company (The) (NYSE:DIS), Roku (NASDAQ:ROKU), Paramount Global (NASDAQ:PARA), iQIYI (NASDAQ:IQ), HUYA (NYSE:HUYA), AMC Entertainment Holdings (NYSE:AMC).

Industry description

Movies/entertainment industry include companies that produce and distribute motion pictures, and companies that operate general entertainment facilities like amusement parks and bowling centers. Some companies in this industry also have professional sports franchises. Live Nation Entertainment, Inc., Liberty Media Corp. and Viacom Inc. are some of the biggest companies in this space.

Market Cap

The average market capitalization across the Movies/Entertainment Industry is 9B. The market cap for tickers in the group ranges from 134 to 262.83B. NFLX holds the highest valuation in this group at 262.83B. The lowest valued company is LRDG at 134.

High and low price notable news

The average weekly price growth across all stocks in the Movies/Entertainment Industry was 0%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 11%. ENTEF experienced the highest price growth at 62%, while LDSN experienced the biggest fall at -65%.

Volume

The average weekly volume growth across all stocks in the Movies/Entertainment Industry was 37%. For the same stocks of the Industry, the average monthly volume growth was 2% and the average quarterly volume growth was 15%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 62
Price Growth Rating: 52
SMR Rating: 84
Profit Risk Rating: 88
Seasonality Score: -4 (-100 ... +100)
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IQDaily Signal changed days agoGain/Loss if shorted
 
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published General Information

General Information

a provider of internet video streaming services

Industry MoviesEntertainment

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
No. 21, North Road of Workers' Stadium
Phone
+86 1062677171
Employees
4788
Web
https://www.iqiyi.com
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