The Trump administrations withdrawal from the Iran nuclear agreement, and its subsequent decision to re-impose sanctions, could very well have rippling effects on global oil markets.
A number of US companies have already stopped their imports despite the sanctions going into effect in early November 2018. French oil giant, Total SA (TOT, $63.21), is the most recent non-US company to announce that it has stopped buying Iranian oil. A number of companies from countries like India, however, which are heavily oil dependent, are continuing to import Iranian oil -- defying the Trump administration’s call for countries to completely cut-off trade.
A slow but steady increase in the US's rig count during the course of 2018 has helped investors remain optimistic. Refineries continue to ramp-up their operations to enhance output as hurricanes have knocked out a significant portion of the country’s refining capacity, leading to a dip in crude stockpiles. However, with refinery utilization increasing to 83.2% during the second week of September 2018, the tide is shifting with crude oil in storage also increasing by 4.6 million barrels.
The 10-day RSI Oscillator for TTE moved out of overbought territory on April 12, 2024. 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 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on April 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TTE as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TTE turned negative on April 16, 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 45 similar instances when the indicator turned negative. In of the 45 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 TTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TTE broke above its upper Bollinger Band on April 02, 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.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TTE advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 309 cases where TTE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TTE’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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (1.387) is normal, around the industry mean (1.218). P/E Ratio (8.044) is within average values for comparable stocks, (24.146). TTE's Projected Growth (PEG Ratio) (11.146) is slightly higher than the industry average of (4.841). Dividend Yield (0.046) settles around the average of (0.107) among similar stocks. P/S Ratio (0.775) is also within normal values, averaging (0.979).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of oil and gas products
Industry IntegratedOil