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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On June 02, 2023, the Stochastic Oscillator for VEON moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 55 instances where the indicator left the oversold zone. In of the 55 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The Momentum Indicator moved above the 0 level on June 05, 2023. You may want to consider a long position or call options on VEON as a result. In of 88 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 VEON advanced for three days, in of 248 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 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 81, placing this stock better than average.
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 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 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 (1.750) is normal, around the industry mean (5.796). P/E Ratio (2.939) is within average values for comparable stocks, (133.829). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (9.973). Dividend Yield (0.000) settles around the average of (0.110) among similar stocks. P/S Ratio (0.362) is also within normal values, averaging (65.764).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. VEON’s price grows at a lower 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 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of wireless telecommunications services
A.I.dvisor tells us that VEON and TIGO have been poorly correlated (+28% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that VEON and TIGO's prices will move in lockstep.
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