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BLDE Stock Blade Air Mobility (BLDE, $3.25) RSI Indicator left the oversold zone on August 08, 2024

A.I.dvisor
at Tickeron.com
08/09/24
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BLDE - Blade Air Mobility
RSI signal
Bullish Trend
Odds of UP Trend
RSI signal
Price: $3.25
Daily change: +$0.48 (+17.33%)
Daily volume: 618.1K
Industry: Other Transportation
This is a signal that BLDE's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 34 similar cases where BLDE's RSI Indicator left the oversold zone, and in of them led to a successful outcome. Odds of Success:

BLDE in +2.90% Uptrend, rising for three consecutive days on October 09, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BLDE advanced for three days, in of 210 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 02, 2024. You may want to consider a long position or call options on BLDE as a result. In of 69 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 BLDE just turned positive on October 02, 2024. Looking at past instances where BLDE'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 .

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

The 10-day moving average for BLDE crossed bullishly above the 50-day moving average on October 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .

Bearish Trend Analysis

The 10-day RSI Indicator for BLDE moved out of overbought territory on October 10, 2024. 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 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 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for BLDE moved below the 200-day moving average on September 09, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

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

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 69%.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BLDE’s price grows at a higher 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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (1.008) is normal, around the industry mean (4.026). P/E Ratio (0.000) is within average values for comparable stocks, (40.079). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (10.410). BLDE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.026). P/S Ratio (1.022) is also within normal values, averaging (106.097).

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. BLDE’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 80, placing this stock worse than average.

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BLDE
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General Information

a blank check company, which formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization

Industry OtherTransportation

Profile
Fundamentals
Details
Industry
N/A
Address
55 Hudson Yards
Phone
+1 212 967-1009
Employees
281
Web
https://www.blade.com