ImmunityBio (IBRX) was a top loser this quarter, falling -18.95%. Expect a Downtrend continuation
ImmunityBio (IBRX) has had a tough quarter, falling by almost 19%. Despite this, there may be some hope for the stock, as the Aroon Indicator has recently triggered a bullish signal.
First, let's take a look at the earnings results for ImmunityBio. Unfortunately, there is no specific mention of earnings in the provided information. However, it is important to note that earnings reports can greatly impact the stock price of a company. A company's earnings can affect its stock price in a few ways. Positive earnings can lead to an increase in demand for a stock, while negative earnings can lead to a decrease in demand.
Moving on to the technical analysis, the Aroon Indicator is a popular indicator that can help traders identify potential changes in trend. It consists of two lines: the AroonUp line, which measures the strength of the uptrend, and the AroonDown line, which measures the strength of the downtrend. When the AroonUp line crosses above the AroonDown line, it is a bullish signal.
According to the provided information, IBRX's Aroon Indicator triggered a bullish signal on May 01, 2023. This means that the AroonUp line is above 70 while the AroonDown line is below 30, indicating that the stock could be setting up for a bullish move. In fact, historical data shows that in 168 of 188 similar instances where the Aroon Indicator showed a similar pattern, the stock moved higher in the days that followed, putting the odds of a move higher at 89%.
However, it is important to note that past performance is not always indicative of future results. While the Aroon Indicator may be indicating a potential move higher for IBRX, there are other factors that could impact the stock's performance. Additionally, the odds of a downtrend continuation for IBRX are relatively high at 58%.
While the recent Aroon Indicator signal may be a positive sign for IBRX, it is important for investors to consider all available information before making any investment decisions. The stock has had a tough quarter, and while historical data suggests a potential move higher, there are still risks involved.
IBRX in upward trend: 10-day moving average broke above 50-day moving average on April 24, 2023
The 10-day moving average for IBRX crossed bullishly above the 50-day moving average on April 24, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on IBRX 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 .
Following a +4 3-day Advance, the price is estimated to grow further. Considering data from situations where IBRX advanced for three days, in of 247 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 190 cases where IBRX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for IBRX moved out of overbought territory on May 11, 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for IBRX turned negative on May 12, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
IBRX moved below its 50-day moving average on May 25, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBRX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
IBRX broke above its upper Bollinger Band on May 03, 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.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. IBRX’s price grows at a lower 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 (0.000) is normal, around the industry mean (24.787). P/E Ratio (0.000) is within average values for comparable stocks, (122.999). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.316). Dividend Yield (0.000) settles around the average of (0.030) among similar stocks. IBRX's P/S Ratio (1666.667) is slightly higher than the industry average of (303.223).
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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IBRX’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 94, placing this stock worse than average.
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