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May 17, 2023

POET Technologies (POET, $4.5) Takes a Break: A Look at the Recent RSI Indicator Dip

POET Technologies (POET, $4.5) has been on an upward trend for a while now, but recent indicators suggest that the trend may be coming to an end. In this blog post, we'll take a look at what the indicators are saying and what traders should consider.

POET's RSI Indicator: The End of an Uptrend?

POET's RSI Indicator has left the overbought zone, signaling a potential shift from an uptrend to a downtrend. A.I.dvisor's analysis of 31 similar cases where POET's RSI Indicator left the overbought zone showed a successful outcome in 29 cases, giving the current scenario a 90% chance of success. Traders may want to consider selling the stock or exploring put options.

POET's Moving Average: A Sign of Continued Growth?

On April 28, 2023, POET moved above its 50-day moving average, indicating a change from a downward trend to an upward trend. In 47 of 50 similar past instances, the stock price increased further within the following month, giving the current scenario a 90% chance of continued upward growth. However, traders should still keep an eye on other indicators, such as the RSI Indicator, to see if there are any conflicting signals.

POET and CEVA: Low Probability of Moving in Lockstep

A.I.dvisor's analysis of POET's correlation with CEVA showed a low correlation of only 28% for the last year. This suggests that there is a low statistical probability that POET and CEVA's prices will move in lockstep. Traders should consider this when making decisions about investing in either stock.

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Traders can unlock the power of artificial intelligence in their trading decisions with Tickeron's Trend Trader: Popular Stocks (TA&FA) bot. This tool has been one of the top performers in Tickeron's robot factory, offering traders a powerful way to make informed decisions about POET stock. With the help of AI-generated data and analysis, traders can stay on top of POET's trends and make more informed investment decisions.

Related Ticker: POET

POET's Indicator enters downward trend

The Aroon Indicator for POET entered a downward trend on June 06, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 215 similar instances where the Aroon Indicator formed such a pattern. In of the 215 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on POET as a result. In of 85 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

POET moved below its 50-day moving average on June 05, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for POET crossed bearishly below the 50-day moving average on June 07, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 POET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 75 cases where POET'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 50-day moving average for POET moved above the 200-day moving average on June 12, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where POET advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .

POET 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)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 76%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. POET’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 significantly 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: POET's P/B Ratio (19.417) is slightly higher than the industry average of (7.038). P/E Ratio (0.000) is within average values for comparable stocks, (56.277). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.252). POET has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.019). POET's P/S Ratio (243.902) is slightly higher than the industry average of (28.776).

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. POET’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 61, placing this stock worse than average.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 50.28B. The market cap for tickers in the group ranges from 13.43K to 3.24T. NVDA holds the highest valuation in this group at 3.24T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 19%. SESMF experienced the highest price growth at 50%, while QNCCF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -3%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 80%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 47
Price Growth Rating: 49
SMR Rating: 69
Profit Risk Rating: 61
Seasonality Score: 1 (-100 ... +100)
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A.I.Advisor
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General Information

Industry Semiconductors

Profile
Fundamentals
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Industry
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Address
120 Eglinton Avenue East
Phone
+1 416 368-9411
Employees
51
Web
https://www.poet-technologies.com
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