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AMST Stock Tickeron detected bullish Stock Pattern: Broadening Top AMST on December 04, 2024, netting in a 23.73% gain over 6 days

A.I.dvisor
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+23.73% Gain from a Successful pattern Broadening Top
AMST - Amesite
Tickeron
Ticker: AMST
Company: Amesite
Gain: +23.73%
Confirmed: 12/04/24
Succeeded: 12/09/24
Total length: 6 days
On December 03, 2024, A.I.dvisor detected a Broadening Top Pattern (Bullish) for Amesite (AMST, $3.16). On December 04, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $4.06. 5 days later, on December 09, 2024, AMST reached the target price resulting in a +2 for traders who took a long position in the stock.

AMST's RSI Oscillator stays in overbought zone for 2 days

Watch for a price pull-back in the near future.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMST declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMST broke above its upper Bollinger Band on December 20, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 02, 2024. You may want to consider a long position or call options on AMST 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 .

The Moving Average Convergence Divergence (MACD) for AMST just turned positive on December 02, 2024. Looking at past instances where AMST's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

AMST moved above its 50-day moving average on December 02, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AMST crossed bullishly above the 50-day moving average on December 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The 50-day moving average for AMST moved above the 200-day moving average on December 11, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where AMST advanced for three days, in of 199 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 44 cases where AMST Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

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

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 (1.296) is normal, around the industry mean (31.082). P/E Ratio (0.000) is within average values for comparable stocks, (160.694). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.755). Dividend Yield (0.000) settles around the average of (0.084) among similar stocks. P/S Ratio (13.089) is also within normal values, averaging (58.159).

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. AMST’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 87, placing this stock worse than average.

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AMST
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General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
607 Shelby Street
Phone
+1 734 876-8130
Employees
14
Web
https://www.amesite.com