Robot-Driven Production at Tickeron Fuels 5.72% Increase in TLRY Shares
Over the previous month, this cutting-edge Swing Trader: Deep Trend Analysis v.2 (TA) robot showcased its prowess by generating a remarkable 5.72% gain while trading TLRY. In this article, we will delve into the technical analysis of TLRY's recent market trends and evaluate the company's earnings results to gain a comprehensive understanding of its current trajectory.
Analyzing Market Trends: On May 23, 2023, TLRY experienced a significant bearish shift in its market trends as the 10-day moving average crossed below the 50-day moving average. This crossover is often considered a crucial signal, suggesting a potential downward trend and indicating a sell signal. What makes this particular event noteworthy is the historical data associated with similar occurrences. In all 11 past instances when the 10-day moving average crossed below the 50-day moving average, TLRY stock continued to move higher over the subsequent month. However, the odds of a continued downward trend following this bearish crossover are estimated to be as high as 90%. This statistical observation highlights the importance of monitoring TLRY's performance closely in the coming weeks.
Earnings Results: Turning our attention to the company's recent earnings report, TLRY announced its financial performance on April 10. The report revealed earnings per share of -3 cents, surpassing market expectations of -5 cents. This positive surprise indicates that TLRY managed to outperform the estimates and potentially signals a strengthening financial position. With 14.34 million shares outstanding, TLRY currently boasts a market capitalization of approximately 1.15 billion dollars.
The Swing Trader: Deep Trend Analysis v.2 (TA) has proven to be a highly effective AI trading robot, demonstrating its capabilities by generating a notable 5.72% gain while trading TLRY in the previous month. However, with the recent bearish crossover between the 10-day and 50-day moving averages, the odds of a continued downward trend in TLRY are estimated to be around 90%. It is crucial for investors and traders to closely monitor TLRY's performance in the coming weeks to make informed decisions. Additionally, TLRY's recent earnings report, with earnings per share exceeding expectations, indicates the potential for a positive financial outlook. As the market continues to evolve, staying informed about TLRY's market trends and earnings results will be paramount for investors seeking to navigate this dynamic landscape effectively.
TLRY in upward trend: price expected to rise as it breaks its lower Bollinger Band on October 10, 2024
TLRY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where TLRY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for TLRY's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Momentum Indicator moved above the 0 level on October 22, 2024. You may want to consider a long position or call options on TLRY as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for TLRY just turned positive on October 22, 2024. Looking at past instances where TLRY's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
TLRY moved above its 50-day moving average on October 28, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TLRY advanced for three days, in of 214 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 45 cases where TLRY'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 TLRY 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 TLRY entered a downward trend on October 21, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 (0.545) is normal, around the industry mean (56.825). P/E Ratio (8.518) is within average values for comparable stocks, (89.935). TLRY's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.890). Dividend Yield (0.000) settles around the average of (0.122) among similar stocks. P/S Ratio (2.355) is also within normal values, averaging (18.882).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TLRY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TLRY’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.
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General Information
a holding company, whose subsidiaries engages in research, cultivation, processing and distribution of medical cannabis
Industry PharmaceuticalsOther