Profitable Trader Generates 30.89% Gains for FTCH, MACD Turns Positive
As a financial analytics and trader, it is my pleasure to share with you some exciting news regarding FTCH - an online fashion retailer. The company has recently reported strong earnings, which has led to a surge in its stock price. As an earnings trader, I have been closely monitoring this stock and have generated a gain of 30.89% for FTCH.
Earnings trading is a strategy that involves taking positions in stock before or after the company announces its earnings report. This strategy aims to profit from the price movement that occurs after the earnings release. In the case of FTCH, the company's earnings report was better than expected, which resulted in a significant increase in its stock price.
In addition to the positive earnings report, another factor that is contributing to the rise in FTCH's stock price is the MACD histogram. The MACD (Moving Average Convergence Divergence) histogram is a technical indicator that measures the momentum of a stock's price movement. A positive MACD histogram indicates that the stock's rate is turning bullish, which is a positive sign for traders.
As a trader, it is important to analyze both fundamental and technical factors when making investment decisions. In the case of FTCH, the positive earnings report and the bullish MACD histogram contribute to the stock's upward movement.
FTCH's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FTCH turned positive on May 05, 2023. Looking at past instances where FTCH's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 08, 2023. You may want to consider a long position or call options on FTCH as a result. In of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
FTCH moved above its 50-day moving average on May 19, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FTCH crossed bullishly above the 50-day moving average on May 23, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FTCH advanced for three days, in of 264 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 187 cases where FTCH 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 RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 57 cases where FTCH's Stochastic Oscillator exited the overbought zone, the price fell further within 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 FTCH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FTCH broke above its upper Bollinger Band on June 09, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FTCH’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 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 (3.341) is normal, around the industry mean (17.415). P/E Ratio (0.000) is within average values for comparable stocks, (72.877). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.561). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (1.043) is also within normal values, averaging (8.526).
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. FTCH’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.
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 global technology platform for luxury fashion, connecting creators, curators and consumers
Industry InternetRetail
FTCH and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTCH has been loosely correlated with JMIA. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if FTCH jumps, then JMIA could also see price increases.
| Ticker / NAME | Correlation To FTCH | 1D Price Change % | ||
|---|---|---|---|---|
| FTCH | 100% | +7.30% | ||
| JMIA - FTCH | 61% Loosely correlated | +0.43% | ||
| RVLV - FTCH | 53% Loosely correlated | -1.43% | ||
| CVNA - FTCH | 50% Loosely correlated | -21.25% | ||
| MELI - FTCH | 50% Loosely correlated | -0.10% | ||
| W - FTCH | 49% Loosely correlated | -1.66% | ||
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