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Data Storage (DTST) Trading Analysis
Bullish MACD Signal: Data Storage (DTST, $2.97) saw its Moving Average Convergence Divergence (MACD) Histogram turn positive on August 25, 2023. This bullish indicator suggests that the price of DTST might rise in the near future. Historical data supports this optimism - out of 59 similar cases of DTST's MACD histogram becoming positive, 45 led to favorable outcomes, indicating a 76% success rate.
Earnings Report: On August 14, the company reported earnings per share of 2 cents, surpassing the anticipated 1 cent. With a total of 141.56K shares outstanding, DTST's market capitalization stands at $18.86M.
The Information Technology (IT) Services Industry focuses on creating hardware and software that facilitates data storage, retrieval, transmission, and manipulation on computer systems. Dominated by giants like IBM, Accenture, and VMware, the IT industry has expanded rapidly, thanks to the increasing significance of data. Presently, the industry boasts a total market capitalization in the trillions.
Key Industry Metrics:
The average market capitalization across the Information Technology Services Industry is $7.53B. While Accenture PLC (NYSE:ACN) claims the top spot with a valuation of $201.07B, ARSC sits at the lower end with no valuation.
Over the past week, the industry saw an average price decline of 0%. The monthly and quarterly price changes stood at -4% and -3%, respectively. UTRX showcased the most significant price surge at 26%, whereas AGIL witnessed the steepest drop, plummeting by 57%.
Weekly volume growth for stocks in the IT Services Industry decreased by 23%. On a monthly and quarterly basis, the volume shrank by 38% and 15%, respectively.
Fundamental Analysis Ratings:
DTST's Recent Performance:
Over the last five trading days, DTST experienced a commendable growth of +13.79%, with an average daily trading volume of 5,397 shares. The stock, however, saw a minor drawdown of -7.98% during the same period. With the current price standing at $2.97 as of August 24, predictions indicate a potential growth, targeting a price point of $3.17. This projection offers a return on investment of 6.90% or $0.20 per share, backed by a 3.62% success probability. The bullish pattern was further cemented when the stock price touched $2.32.
While the overall Information Technology Services Industry has faced some downturns in recent times, DTST's optimistic indicators suggest potential growth for traders and investors. As always, it's essential to exercise caution and perform one's due diligence before making any investment decisions.
DTST's Aroon Indicator triggered a bullish signal on September 13, 2023. 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 90 similar instances where the Aroon Indicator showed a similar pattern. In of the 90 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 72 cases where DTST'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DTST advanced for three days, in of 163 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for DTST moved out of overbought territory on September 01, 2023. 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 19 similar instances where the indicator moved out of overbought territory. In of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DTST as a result. In of 127 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 DTST turned negative on September 15, 2023. 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 59 similar instances when the indicator turned negative. In of the 59 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 DTST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DTST broke above its upper Bollinger Band on August 30, 2023. 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DTST’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: P/B Ratio (1.106) is normal, around the industry mean (3.940). P/E Ratio (44.053) is within average values for comparable stocks, (45.734). DTST's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.375). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. P/S Ratio (0.947) is also within normal values, averaging (6.940).
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. DTST’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 83, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
A.I.dvisor tells us that DTST and BTCM have been poorly correlated (+25% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that DTST and BTCM's prices will move in lockstep.