Greetings fellow traders! Today we're taking a closer look at VEON, a telecommunications company that has recently caught our attention with an impressive 2.95K% increase in the first quarter of 2023.
However, the momentum indicator for VEON has just moved below the 0 level as of May 1st, 2023, which suggests that the stock could be headed for a downward trend. This could be a concerning signal for investors who have been holding onto the stock for some time.
As a result, traders may want to consider selling their positions in VEON or exploring put options to hedge against potential losses. According to Tickeron's A.I.dvisor, there have been 91 similar instances where the momentum indicator turned negative, and in 71 of those cases, the stock moved further down in the following days. This puts the odds of a decline at a significant 78%.
Of course, it's important to remember that no investment is a sure thing, and there are always risks associated with trading in the stock market. However, with the current momentum indicator indicating a potential downward trend for VEON, it's wise to exercise caution and consider your options before making any further investment decisions.
That's all for now, folks. As always, stay vigilant and happy trading!
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The 10-day moving average for VEON crossed bearishly below the 50-day moving average on April 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Momentum Indicator moved below the 0 level on April 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on VEON as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
VEON moved below its 50-day moving average on April 12, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where VEON 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where VEON's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for VEON just turned positive on April 19, 2024. Looking at past instances where VEON's MACD turned positive, the stock continued to rise in of 44 cases over the following month. 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 VEON advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 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. VEONโs price grows at a higher 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 (2.254) is normal, around the industry mean (5.048). P/E Ratio (3.406) is within average values for comparable stocks, (144.473). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (9.572). Dividend Yield (0.000) settles around the average of (0.091) among similar stocks. P/S Ratio (0.461) is also within normal values, averaging (13.029).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wireless telecommunications services
Industry WirelessTelecommunications