PureCycle Technologies (PCT) emerged as one of the leading gainers in the Industrial Machinery Industry for the month, with a notable rise of +16.19% to reach $7.25 per share. This was revealed in a recent analysis by A.I.dvisor, which examined 342 stocks in the sector for the month ending May 5, 2023. The study found that 263 stocks (76.92%) exhibited an Uptrend while 79 stocks (23.08%) were on a Downtrend.
In an encouraging development for PCT, the 10-day moving average for the stock crossed above the 50-day moving average on May 04, 2023. This bullish crossover is a potential buy signal and suggests that the trend has turned upwards. A.I.dvisor's analysis reveals that in eight out of nine past instances when the 10-day crossed above the 50-day, PCT continued to move higher over the following month. Based on this historical trend, the odds of a continued upward trend for PCT are currently estimated to be 89%.
Additionally, A.I.dvisor's data indicates that over the last year, PCT has shown a moderate correlation with BLDP. These two tickers moved together in tandem about 45% of the time, suggesting that there could be some statistical probability that if PCT sees price increases, BLDP could also experience a similar rise. This latest analysis by A.I.dvisor offers valuable insights for investors looking to make informed decisions about their investment strategies.
The 10-day moving average for PCT crossed bearishly below the 50-day moving average on April 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 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 .
The Momentum Indicator moved below the 0 level on April 03, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PCT as a result. In of 67 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 PCT turned negative on April 02, 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 30 similar instances when the indicator turned negative. In of the 30 cases the stock turned lower in the days that followed. This puts the odds of success at .
PCT moved below its 50-day moving average on April 15, 2024 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 PCT 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 PCT entered a downward trend on April 23, 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PCT advanced for three days, in of 195 cases, the price rose further within the following month. The odds of a continued upward trend are .
PCT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PCT’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 fair valued 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 (2.303) is normal, around the industry mean (5.264). P/E Ratio (0.000) is within average values for comparable stocks, (49.901). PCT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.219). Dividend Yield (0.000) settles around the average of (0.022) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (9.714).
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. PCT’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 74, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry IndustrialMachinery