ABC Price Prediction, AmerisourceBergen Corp AI Recommendations

ABC's RSI Indicator ascending out of oversold territory

The RSI Indicator for ABC moved out of oversold territory on March 15, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 15 similar instances when the indicator left oversold territory. In 11 of the 15 cases the stock moved higher. This puts the odds of a move higher at 73%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on March 21, 2023. You may want to consider a long position or call options on ABC as a result. In of 97 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 ABC just turned positive on March 20, 2023. Looking at past instances where ABC's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

ABC moved above its 50-day moving average on March 28, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABC advanced for three days, in of 355 cases, the price rose further within the following month. The odds of a continued upward trend are .

ABC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ABC 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 ABC entered a downward trend on March 24, 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)

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 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 76, placing this stock better than average.

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. ABC’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 significantly 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: ABC's P/B Ratio (442.776) is very high in comparison to the industry average of (25.867). P/E Ratio (19.305) is within average values for comparable stocks, (19.347). Projected Growth (PEG Ratio) (3.468) is also within normal values, averaging (3.887). Dividend Yield (0.012) settles around the average of (0.031) among similar stocks. P/S Ratio (0.138) is also within normal values, averaging (22.782).

ABC is expected to report earnings to rise 22.14% to $3.31 per share on May 03

Q1'23

Est.

$3.31

Q4'22

Beat

by $0.09

Q3'22

Beat

by $0.03

Q2'22

Beat

by $0.06

Q1'22

Beat

by $0.30

ABC paid dividends on February 27, 2023