Ad is loading...
MENU

AUDC Stock Tickeron detected bearish Stock Pattern: Cup-and-Handle Inverse AUDC on October 30, 2024, netting in a 5.75% gain over 1 week

A.I.dvisor
at Tickeron.com
Loading...
+5.75% Gain from a Successful pattern Cup-and-Handle Inverse
AUDC - AudioCodes Ltd
Tickeron
Ticker: AUDC
Company: AudioCodes
Gain from shortening: +5.75%
Confirmed: 10/30/24
Succeeded: 11/05/24
Total length: 8 days
On October 28, 2024, A.I.dvisor detected a Cup-and-Handle Inverse Pattern (Bearish) for AudioCodes Ltd (AUDC, $9.56). 2 days later, on October 30, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 05, 2024, the stock hit the target price of $8.62 – resulting in a gain for traders who shorted the stock on the pattern detection date.

AUDC in -2.38% downward trend, sliding for three consecutive days on November 15, 2024

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 AUDC declined for three days, in of 314 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for AUDC entered a downward trend on November 15, 2024. 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 AUDC's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where AUDC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 20, 2024. You may want to consider a long position or call options on AUDC 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 AUDC just turned positive on November 19, 2024. Looking at past instances where AUDC's MACD turned positive, the stock continued to rise in of 53 cases 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 AUDC advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .

AUDC 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)

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 (2.060) is normal, around the industry mean (9.277). P/E Ratio (45.643) is within average values for comparable stocks, (91.676). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.815). Dividend Yield (0.028) settles around the average of (0.042) among similar stocks. P/S Ratio (1.652) is also within normal values, averaging (26.095).

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

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 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. AUDC’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 83, placing this stock worse than average.

View a ticker or compare two or three
AUDC
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of voice over IP phones, converged VoIP and data networking products

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
1 Hayarden Street
Phone
+972 39764105
Employees
950
Web
https://www.audiocodes.com