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Sarah Patel's Avatar
published in Blogs
May 03, 2023

VEON Surges +2.95K% in 1 Quarter: Real Time Scanner Report - Should Traders Sell or Hedge Their Positions?

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!

Related Ticker: VEON

VEON sees its Stochastic Oscillator climbs out of oversold territory

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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

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 .

Bearish Trend Analysis

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 .

Fundamental Analysis (Ratings)

Fear & Greed

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.

Notable companies

The most notable companies in this group are Comcast Corp (NASDAQ:CMCSA), Verizon Communications (NYSE:VZ), AT&T (NYSE:T), Lumen Technologies (NYSE:LUMN).

Industry description

Wireless Telecom includes companies that sell wireless antenna or satellite-based communication services. This is the fastest-growing area in communications, as more and more communication and computing happen on mobile devices and cloud-based platforms. Wireless telecom is a key industry for global connectivity, and has even further room for growth in emerging markets and in rural parts of developed nations. People’s growing need for speed in data connectivity, higher resolution, and smoother video streaming and multimedia applications should drive growth and competition within this segment. T-Mobile US, Inc., Vodafone Group, and Sprint Corporation are some major providers of wireless telecom.

Market Cap

The average market capitalization across the Wireless Telecommunications Industry is 13.38B. The market cap for tickers in the group ranges from 9.67K to 12.88T. LNETF holds the highest valuation in this group at 12.88T. The lowest valued company is IGLDF at 9.67K.

High and low price notable news

The average weekly price growth across all stocks in the Wireless Telecommunications Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 16%. IQST experienced the highest price growth at 33%, while MIMO experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Wireless Telecommunications Industry was -47%. For the same stocks of the Industry, the average monthly volume growth was -45% and the average quarterly volume growth was -45%

Fundamental Analysis Ratings

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

Valuation Rating: 50
P/E Growth Rating: 57
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 80
Seasonality Score: -4 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of wireless telecommunications services

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Wireless Telecommunications
Address
Claude Debussylaan 88
Phone
+31 207977200
Employees
44586
Web
http://www.veon.com
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VEON and

Correlation & Price change

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To VEON
1D Price
Change %
VEON100%
+0.77%
TIGO - VEON
28%
Poorly correlated
+0.89%
TV - VEON
28%
Poorly correlated
+4.92%
LBTYK - VEON
27%
Poorly correlated
+0.64%
LBTYA - VEON
26%
Poorly correlated
+0.86%
IHS - VEON
23%
Poorly correlated
+1.59%
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