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AUST Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom AUST on September 13, 2024, netting in a 17.76% gain over 1 month

A.I.dvisor
at Tickeron.com
10/01/24
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+17.76% Gain from a Successful pattern Head-and-Shoulders Bottom
AUST - Austin Gold Corp
Tickeron
Ticker: AUST
Company: Austin Gold
Gain: +17.76%
Confirmed: 09/13/24
Succeeded: 09/30/24
Total length: 34 days
On August 27, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Austin Gold Corp (AUST, $0.97). On September 13, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $1.18. 17 days later, on September 30, 2024, AUST reached the target price resulting in a +1 for traders who took a long position in the stock.

AUST's RSI Indicator leaves overbought zone

The 10-day RSI Indicator for AUST moved out of overbought territory on October 31, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 9 instances where the indicator moved out of the overbought zone. In of the 9 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 23 cases where AUST's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on November 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AUST as a result. In of 44 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for AUST turned negative on November 06, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 18 similar instances when the indicator turned negative. In of the 18 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

AUST broke above its upper Bollinger Band on October 18, 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

Following a +4 3-day Advance, the price is estimated to grow further. Considering data from situations where AUST advanced for three days, in of 99 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 52 cases where AUST 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. AUST’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 (1.464) is normal, around the industry mean (6.704). P/E Ratio (0.000) is within average values for comparable stocks, (82.363). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (8.405). AUST has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (0.000) is also within normal values, averaging (148.836).

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. AUST’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 89, placing this stock worse than average.

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AUST
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General Information

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
N/A
Address
1021 West Hastings Street
Phone
+1 604 644-6579
Employees
N/A
Web
https://www.austin.gold