Price & Trend Analysis: GME +33.89% vs SKLZ +15.33% in Active & Swing Trading
GME vs SKLZ: A Comparative Study on Market Trends, Trading Styles, and Price Growth
Compare: Day Trader: High Volatility Stocks for Active Trading (TA&FA) 33.89% for GME vs Swing trader: Downtrend Protection v.2 (TA) 15.33% for SKLZ
In this fast-paced financial landscape, keeping up with the trends and comparing the performance of stocks can provide valuable insights for informed decision-making. Here, we compare two popular stocks: GameStop Corp. (GME) under the Specialty Stores industry, and Skillz Inc. (SKLZ) within the Packaged Software industry.
Trading Styles: Day Trading vs. Swing Trading
Two distinct trading styles are evaluated here: day trading with a focus on high-volatility stocks (Technical Analysis & Fundamental Analysis), and swing trading focused on downtrend protection (Technical Analysis).
GME, highly popular among day traders, reported a notable 33.89% rate, reflecting high volatility which can be beneficial for those quick to react to market changes. On the other hand, SKLZ, with a preference among swing traders, reported a 15.33% rate, indicating a slower pace that typically suits those with more patients who employ the strategy of buying at a low and selling at a high in a downtrend market.
Price Change and Growth
In terms of weekly price change, GME experienced a dip of -3.50%, while SKLZ saw a more significant decline of -32.45%. To provide context, the average weekly price change across the Specialty Stores industry was -0.92%, and for the Packaged Software industry, it was -1.60%.
However, taking a longer-term view, both industries showed positive growth. For the Specialty Stores industry, the average monthly growth was +2.63%, and the quarterly growth stood at +8.21%. Meanwhile, the Packaged Software industry exceeded this, with a monthly growth of +3.99% and a staggering quarterly growth of +25.42%.
This suggests a potential recovery for both GME and SKLZ, given the positive growth trends in their respective industries.
Earnings Report
Lastly, it's crucial to keep an eye on the earnings report dates for both of these stocks. GME is expected to report earnings on September 6, 2023, while SKLZ is set to do so earlier, on August 2, 2023. These announcements could significantly influence the stocks' performance and investors' strategies.
SKLZ in -11.17% downward trend, falling for three consecutive days on September 22, 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 SKLZ declined for three days, in of 247 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 05, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SKLZ as a result. In of 49 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 SKLZ turned negative on September 06, 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 27 similar instances when the indicator turned negative. In of the 27 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for SKLZ entered a downward trend on September 26, 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 points to a transition from a downward trend to an upward trend -- in cases where SKLZ's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 15 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SKLZ advanced for three days, in of 174 cases, the price rose further within the following month. The odds of a continued upward trend are .
SKLZ 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 (0.446) is normal, around the industry mean (19.856). P/E Ratio (0.000) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (0.570) is also within normal values, averaging (74.113).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SKLZ’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. SKLZ’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 blank check company, which intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization
Industry PackagedSoftware
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SEEIX | 10.94 | N/A | N/A |
| SEI International Equity I (SIT) | |||
| ICDYX | 14.43 | -0.14 | -0.96% |
| Delaware Ivy International Val Y | |||
| HIMCX | 24.21 | -0.30 | -1.22% |
| Hartford MidCap HLS IA | |||
| MDGCX | 21.39 | -0.30 | -1.38% |
| BlackRock Advantage Global Investor A | |||
| EEMRX | 7.21 | -0.11 | -1.50% |
| MFS Emerging Markets Equity Research C | |||
SKLZ and
Correlation & Price change
A.I.dvisor indicates that over the last year, SKLZ has been loosely correlated with COIN. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if SKLZ jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To SKLZ | 1D Price Change % | ||
|---|---|---|---|---|
| SKLZ | 100% | +3.07% | ||
| COIN - SKLZ | 64% Loosely correlated | -1.71% | ||
| CLSK - SKLZ | 62% Loosely correlated | -4.13% | ||
| RIOT - SKLZ | 61% Loosely correlated | -2.16% | ||
| AFRM - SKLZ | 59% Loosely correlated | -1.53% | ||
| PCOR - SKLZ | 54% Loosely correlated | -4.46% | ||
More | ||||