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!
If you're interested in stocks and want to stay ahead of the game, consider registering with us, click here. Our platform utilizes the power of AI to provide you with valuable insights and analysis, helping you make informed decisions when it comes to trading and investing. Don't miss out on this opportunity to take your stock market game to the next level. Register with us now and start making money!
The Stochastic Oscillator for VEON moved into overbought territory on October 23, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
The 10-day RSI Indicator for VEON moved out of overbought territory on October 04, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
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 .
VEON broke above its upper Bollinger Band on October 23, 2024. 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.
The Momentum Indicator moved above the 0 level on October 23, 2024. You may want to consider a long position or call options on VEON as a result. In of 94 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 VEON just turned positive on October 23, 2024. Looking at past instances where VEON'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where VEON 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 172 cases where VEON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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. VEON’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (4.726). P/E Ratio (3.406) is within average values for comparable stocks, (113.894). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.093). VEON has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (0.461) is also within normal values, averaging (13.373).
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. VEON’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 81, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wireless telecommunications services
Industry WirelessTelecommunications