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ALTUW
Stock ticker:
NASDAQ
AS OF
Jun 30, 09:52 AM (EDT)
Price
$0.13
Change
+$0.03 (+30.00%)

ALTUW Price Prediction, Altitude Acquisition Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 29, 2022

ALTUW in -25.00% downward trend, declining for three consecutive days on June 28, 2022

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ALTUW declined for three days, in 93 of 102 cases, the price declined further within the following month. The odds of a continued downward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 27, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on ALTUW as a result. In of 18 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

ALTUW moved below its 50-day moving average on May 24, 2022 date and that indicates a change from an upward trend to a downward trend.

The Aroon Indicator for ALTUW entered a downward trend on June 10, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ALTUW's RSI Oscillator exited the oversold zone, of 13 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Moving Average Convergence Divergence (MACD) for ALTUW just turned positive on June 10, 2022. Looking at past instances where ALTUW's MACD turned positive, the stock continued to rise in of 8 cases over the following month. The odds of a continued upward trend are .

Following a +13 3-day Advance, the price is estimated to grow further. Considering data from situations where ALTUW advanced for three days, in of 57 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (0.000) is normal, around the industry mean (44.354). P/E Ratio (0.000) is within average values for comparable stocks, (29.988). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.123). ALTUW has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.051). P/S Ratio (0.000) is also within normal values, averaging (797.150).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ALTUW’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 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. ALTUW’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 99, placing this stock worse than average.

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published Highlights

Market Cap

The average market capitalization across the Not Classified Industry is 2.95B. The market cap for tickers in the group ranges from 2.53K to 301.83B. SSNNF holds the highest valuation in this group at 301.83B. The lowest valued company is LDHL at 2.53K.

High and low price notable news

The average weekly price growth across all stocks in the Not Classified Industry was 5%. For the same Industry, the average monthly price growth was -17%, and the average quarterly price growth was -51%. CFWWF experienced the highest price growth at 5,379%, while NVOOF experienced the biggest fall at -96%.

Volume

The average weekly volume growth across all stocks in the Not Classified Industry was 5%. For the same stocks of the Industry, the average monthly volume growth was 49% and the average quarterly volume growth was 21%

Fundamental Analysis Ratings

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

Valuation Rating: 3
P/E Growth Rating: 99
Price Growth Rating: 67
SMR Rating: 98
Profit Risk Rating: 99
Seasonality Score: 7 (-100 ... +100)
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General Information

Industry NotClassified

Profile
Fundamentals
Details
Industry
N/A
Address
400 Perimeter Center Terrace
Phone
+1 800 950-2950
Employees
4
Web
https://www.altitudeac.com

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ALTUW and Stocks

Correlation & Price change

A.I.dvisor tells us that ALTUW and ASAXW have been poorly correlated (+29% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ALTUW and ASAXW's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALTUW
1D Price
Change %
ALTUW100%
+3.00%
ASAXW - ALTUW
29%
Poorly correlated
N/A
OHPAW - ALTUW
28%
Poorly correlated
N/A
KINZW - ALTUW
26%
Poorly correlated
-15.38%
FSRDW - ALTUW
23%
Poorly correlated
+1.38%
ADERW - ALTUW
23%
Poorly correlated
-15.64%
More