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Jul 12, 2023

Choppy Market Trading: Generate 8.45% on SQ with Neutral Strategy

How the Market Neutral Strategy (TA&FA) Capitalizes on Popular Stocks: A Focus on SQ

The Market Neutral Strategy (TA&FA), or technical analysis and financial analysis strategy, is proving its prowess in navigating a choppy market environment, as it chalks up an impressive 8.45% yield for SQ, one of the popular stocks currently on the market.

An integral part of this strategic approach is the Aroon Indicator, a unique technical analysis tool that helps predict if a specific security is trending and how strong that trend is. It measures the time it takes for the price to reach its highest and lowest points over a given time period, usually 25 days. If the AroonUp line is over 70 and the AroonDown is under 30, the stock is typically setting up for a bullish move.

In the case of SQ, the Aroon Indicator was successfully employed to predict an upward shift. The bullish signal was triggered on July 11, 2023, when the AroonUp green line was observed above 70, while the AroonDown red line remained below 30. This pattern has generally been a reliable indicator of an impending upswing, making it an optimal time for traders to consider purchasing the stock or call options.

This pattern isn't just a one-off. According to the A.I.dvisor, there have been 256 similar instances in which SQ's Aroon Indicator showed this pattern. Remarkably, in 209 of these instances, the stock went on to move higher in the days that followed. This translates to a striking 82% success rate, further validating the effectiveness of the Aroon Indicator within the Market Neutral Strategy (TA&FA) in anticipating and capitalizing on market trends, particularly in the context of popular stocks such as SQ.

The performance of SQ showcases the robustness of the Market Neutral Strategy (TA&FA) and its applicability in diverse market environments. This strategy not only provides valuable insights into market trends but also offers traders the opportunity to maximize returns from popular stocks such as SQ.

Related Ticker: SQ

Momentum Indicator for SQ turns negative, indicating new downward trend

SQ saw its Momentum Indicator move below the 0 level on May 21, 2024. 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 78 similar instances where the indicator turned negative. In of the 78 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for SQ turned negative on June 13, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SQ 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 SQ entered a downward trend on June 17, 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SQ's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SQ advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .

SQ 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)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 90%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (2.682) is normal, around the industry mean (30.422). SQ's P/E Ratio (4073.000) is considerably higher than the industry average of (157.779). Projected Growth (PEG Ratio) (0.918) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.082) among similar stocks. P/S Ratio (2.282) is also within normal values, averaging (56.973).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SQ’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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 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. SQ’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 90, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), CrowdStrike Holdings (NASDAQ:CRWD).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.47B. The market cap for tickers in the group ranges from 291 to 3.15T. MSFT holds the highest valuation in this group at 3.15T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 13%. WINKF experienced the highest price growth at 82%, while NAHD experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -23% and the average quarterly volume growth was -5%

Fundamental Analysis Ratings

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

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 56
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 10 (-100 ... +100)
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a provider of credit card reader solutions for mobile devices

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