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May 30, 2023

Unlocking Opportunities: AB SKF (SKFRY, $16.7) RSI Indicator Signals Potential Trend Shift

In the realm of investment opportunities, AB SKF (SKFRY) is making waves as its RSI (Relative Strength Index) Indicator broke free from the shackles of the oversold zone on May 26, 2023. This remarkable occurrence could potentially signify a shift in the stock's trend from a downtrend to an uptrend.

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Traders with an astute eye recognize this event as a possible signal to explore the potential rewards of buying the stock or delving into call options. The RSI Indicator provides valuable insights into the stock's momentum and is often utilized to identify overbought or oversold conditions.

A.I.dvisor, leveraging its analytical prowess, scrutinized historical data and uncovered 32 similar cases where SKFRY's RSI Indicator left the oversold zone. Among these cases, an impressive 23 of them led to successful outcomes. Based on this insightful analysis, the odds of success for following such a trend shift are estimated at an encouraging 72%.

Now, let's explore the potential inherent in AB SKF (SKFRY) and delve into the enticing opportunities it presents. Traders who are intrigued by the prospect of a potential uptrend can delve further into the stock's fundamentals, market conditions, and other relevant factors to make informed decisions.

In the ever-evolving realm of investments, staying informed and capitalizing on data-driven decisions is paramount. We are committed to closely monitoring AB SKF (SKFRY), providing you with valuable insights and potential opportunities that may arise. Stay tuned for more expert analysis and captivating perspectives within the investment landscape.

 

Related Ticker: SKFRY

SKFRY's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for SKFRY turned positive on September 05, 2023. Looking at past instances where SKFRY's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SKFRY's RSI Oscillator exited the oversold zone, of 34 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on September 15, 2023. You may want to consider a long position or call options on SKFRY as a result. In of 71 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKFRY advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 10-day moving average for SKFRY crossed bearishly below the 50-day moving average on August 14, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .

The 50-day moving average for SKFRY moved below the 200-day moving average on September 06, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKFRY 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 SKFRY entered a downward trend on September 19, 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.

Fundamental Analysis (Ratings)

Fear & Greed

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 (1.632) is normal, around the industry mean (12.478). P/E Ratio (14.771) is within average values for comparable stocks, (44.967). Projected Growth (PEG Ratio) (0.886) is also within normal values, averaging (2.031). SKFRY has a moderately high Dividend Yield (0.036) as compared to the industry average of (0.021). P/S Ratio (0.867) is also within normal values, averaging (10.726).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SKFRY’s price grows at a higher 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 strong sales and a profitable 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SKFRY’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 77, placing this stock worse than average.

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 7.75B. The market cap for tickers in the group ranges from 1.55K to 135.33B. SMAWF holds the highest valuation in this group at 135.33B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -0%. TMGEF experienced the highest price growth at 55%, while MKUL experienced the biggest fall at -39%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -16%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was -13%

Fundamental Analysis Ratings

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

Valuation Rating: 57
P/E Growth Rating: 61
Price Growth Rating: 50
SMR Rating: 65
Profit Risk Rating: 77
Seasonality Score: -14 (-100 ... +100)
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