ATAX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 21 of 29 cases where ATAX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 72%.
The Momentum Indicator moved above the 0 level on June 24, 2022. You may want to consider a long position or call options on ATAX as a result. In of 109 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 ATAX just turned positive on June 23, 2022. Looking at past instances where ATAX's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
ATAX moved above its 50-day moving average on June 17, 2022 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ATAX crossed bullishly above the 50-day moving average on May 26, 2022. 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ATAX advanced for three days, in of 224 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 274 cases where ATAX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for ATAX moved out of overbought territory on June 10, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ATAX 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 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 (1.192) is normal, around the industry mean (4.174). P/E Ratio (7.930) is within average values for comparable stocks, (80.230). ATAX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.189). Dividend Yield (0.074) settles around the average of (0.043) among similar stocks. P/S Ratio (4.751) is also within normal values, averaging (19.459).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ATAX’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 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holder of a portfolio of federally tax-exempt mortgage revenue bonds
A.I.dvisor indicates that over the last year, ATAX has been loosely correlated with ALLY. These tickers have moved in lockstep 42% of the time. This A.I.-generated data suggests there is some statistical probability that if ATAX jumps, then ALLY could also see price increases.
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