Casual shoe manufacturer Crocs (Nasdaq: CROX) has not been participating in the 2019 rally, at least it hasn’t up until now. The stock has been trending lower since early January and is down just over 21% on the year.
Crocs has rallied in the last few weeks since its June 19 low, but that rally has only brought the stock up to its 50-day moving average and the trend line could act as resistance now.
We see that the rally brought the daily stochastic readings out of oversold territory and they just touched overbought territory earlier this week. The indicators have since turned lower and made a bearish crossover on June 11.
The Tickeron Trend Prediction Engine generated a bearish signal for Crocs on June 10 and the signal showed a confidence level of 75%. The signal is predicting a decline of at least 4% within the next month and previous predictions on the stock have been successful 90% of the time.
The company has struggled in recent years with flat earnings and sales over the last three years. The management efficiency ratings are mixed with a solid ROE of 33.4%, but the profit margin is only 6.5%.
CROX saw its Momentum Indicator move above the 0 level on June 05, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 77 similar instances where the indicator turned positive. In of the 77 cases, the stock moved higher in the following days. The odds of a move higher are at .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CROX's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 43 cases where CROX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CROX just turned positive on May 31, 2023. Looking at past instances where CROX's MACD turned positive, the stock continued to rise in of 44 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 CROX advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
CROX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The 10-day moving average for CROX crossed bearishly below the 50-day moving average on May 08, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CROX 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 CROX entered a downward trend on June 05, 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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 SMR rating for this company is (best 1 - 100 worst), indicating very 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CROX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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: CROX's P/B Ratio (7.022) is slightly higher than the industry average of (2.983). P/E Ratio (11.062) is within average values for comparable stocks, (25.059). CROX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.785). CROX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (1.812) is also within normal values, averaging (1.682).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a retailer of footwear for men, women and children
|ETFs / NAME||Price $||Chg $||Chg %|
|KraneShares CICC China 5G & Smcdtr ETF|
|abrdn Asia-Pacific Income Fund|
|WisdomTree Intl Al Enhanced Val ETF|
|iShares 20+ Year Treasury Bond ETF|
|SPDR® S&P 1500 Value Tilt ETF|
A.I.dvisor indicates that over the last year, CROX has been closely correlated with DECK. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if CROX jumps, then DECK could also see price increases.
|DECK - CROX|
|SKX - CROX|
|NKE - CROX|
|RL - CROX|
|PVH - CROX|