PHUN Day Trading: High Volatility Stocks Yielding 8.76%
In the landscape of high-volatility stocks, PHUN has shown promising movements and statistics that could make it a worthy candidate for day traders seeking to optimize their portfolio performance. This article will delve into the technical and fundamental analysis (TA&FA) of this ticker, which recently generated a return of 8.76%.
An Emerging Bullish Trend
Over the past five days, PHUN has consistently stayed in the oversold zone, according to the Relative Strength Index (RSI) Indicator. This trend has led to speculation of a bounce back in the stock's price. Historically, an extended stay in the oversold zone has often preceded an uptrend, implying potential growth in the coming days.
Stochastic Oscillator – A Signal for Reversal
The Stochastic Oscillator, another key indicator used by traders, suggests that PHUN may be experiencing a reversal from a downward trend to an upward one. This suggestion is supported by historical data where 46 out of 66 instances showed an increase in price when PHUN's Stochastic Oscillator exited the oversold zone. Based on this, the chances of a continued upward trend are estimated at 70%, according to Tickeron's analysis.
Prospect of Further Growth
PHUN's recent performance has also been noteworthy, with a +6.77% 3-day advance. When examining previous occurrences where PHUN saw three-day advances, it was found that in 173 out of 211 instances, the price continued to rise in the following month. This presents a compelling case for the continuation of the upward trend, with the odds calculated at 82%.
Bollinger Bands Indicator – A Potential Jump
Finally, a look at the Bollinger Bands indicator suggests that PHUN could be on the verge of rising above the lower band and moving toward the middle band. This movement, combined with the previous indicators, makes a strong case for potential bullish performance.
The combined technical and fundamental analyses suggest that traders may consider adding PHUN to their portfolios or exploring call options. This high-volatility stock promises active trading and the potential for attractive returns, assuming the predictive indicators hold true.
PHUN in -8.43% downward trend, declining for three consecutive days on September 27, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PHUN declined for three days, in of 351 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PHUN turned negative on September 22, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for PHUN entered a downward trend on September 27, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 PHUN advanced for three days, in of 217 cases, the price rose further within the following month. The odds of a continued upward trend are .
PHUN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.301) is normal, around the industry mean (19.799). P/E Ratio (0.000) is within average values for comparable stocks, (152.391). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.624). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (1.095) is also within normal values, averaging (74.443).
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 slightly worse than average price growth. PHUN’s price grows at a lower 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 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. PHUN’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 90, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a developer of mobile applications
Industry PackagedSoftware
PHUN and
Correlation & Price change
A.I.dvisor indicates that over the last year, PHUN has been loosely correlated with COIN. These tickers have moved in lockstep 43% of the time. This A.I.-generated data suggests there is some statistical probability that if PHUN jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To PHUN | 1D Price Change % | ||
|---|---|---|---|---|
| PHUN | 100% | -7.26% | ||
| COIN - PHUN | 43% Loosely correlated | +5.09% | ||
| SKLZ - PHUN | 40% Loosely correlated | -0.96% | ||
| CLSK - PHUN | 40% Loosely correlated | +4.32% | ||
| RIOT - PHUN | 40% Loosely correlated | +4.55% | ||
| HOOD - PHUN | 39% Loosely correlated | +1.15% | ||
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