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 sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for FTCH moved below the 200-day moving average on August 24, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 06, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FTCH as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 .
The Aroon Indicator for FTCH entered a downward trend on September 22, 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 22 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 9 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.
The Moving Average Convergence Divergence (MACD) for FTCH just turned positive on September 07, 2023. Looking at past instances where FTCH's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
FTCH 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 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 (1.666) is normal, around the industry mean (17.215). P/E Ratio (0.000) is within average values for comparable stocks, (72.909). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.309). Dividend Yield (0.000) settles around the average of (0.039) among similar stocks. P/S Ratio (0.359) is also within normal values, averaging (9.396).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average 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 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 92, 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
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| WLCGX | 37.39 | N/A | N/A |
| Wilshire Large Company Growth Instl | |||
| SGNFX | 31.36 | -0.02 | -0.06% |
| Sparrow Growth No-Load | |||
| JVLAX | 22.89 | -0.06 | -0.26% |
| JHancock Disciplined Value A | |||
| AICGX | 30.42 | -0.11 | -0.36% |
| American Century Discplnd Cor Val R5 | |||
| HWVIX | 11.93 | -0.05 | -0.42% |
| Hotchkis & Wiley Sm Cp Divers Val I | |||
FTCH and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTCH has been loosely correlated with CVNA. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if FTCH jumps, then CVNA could also see price increases.
| Ticker / NAME | Correlation To FTCH | 1D Price Change % | ||
|---|---|---|---|---|
| FTCH | 100% | -6.19% | ||
| CVNA - FTCH | 50% Loosely correlated | -2.12% | ||
| JMIA - FTCH | 48% Loosely correlated | -0.41% | ||
| QRTEA - FTCH | 44% Loosely correlated | +1.24% | ||
| PDD - FTCH | 44% Loosely correlated | +4.08% | ||
| RVLV - FTCH | 40% Loosely correlated | -0.16% | ||
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