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CCSI Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom CCSI on July 11, 2024, netting in a 18.59% gain over 6 days

A.I.dvisor
at Tickeron.com
07/17/24
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+18.59% Gain from a Successful pattern Head-and-Shoulders Bottom
CCSI - Consensus Cloud Solutions
Ticker: CCSI
Company: Consensus Cloud Solutions
Gain: +18.59%
Confirmed: 07/11/24
Succeeded: 07/16/24
Total length: 6 days
On July 10, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Consensus Cloud Solutions (CCSI, $16.51). On July 11, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $18.18. 5 days later, on July 16, 2024, CCSI reached the target price resulting in a +1 for traders who took a long position in the stock.

CCSI in upward trend: price may jump up because it broke its lower Bollinger Band on October 03, 2024

CCSI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 28 cases where CCSI's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CCSI advanced for three days, in of 171 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 75 cases where CCSI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CCSI as a result. In of 58 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 CCSI turned negative on September 09, 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 28 similar instances when the indicator turned negative. In of the 28 cases the stock turned lower in the days that followed. This puts the odds of success at .

CCSI moved below its 50-day moving average on October 07, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CCSI crossed bearishly below the 50-day moving average on October 14, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CCSI 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 negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 78%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (0.962) is normal, around the industry mean (30.847). P/E Ratio (3.964) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (0.844) is also within normal values, averaging (56.884).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CCSI’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 strong sales and a 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. CCSI’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 88, placing this stock worse than average.

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General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
700 South Flower Street
Phone
+1 323 860-9200
Employees
559
Web
https://www.consensus.com