MENU

CJET Stock Chijet Motor (CJET, $2.7) RSI Indicator left the oversold zone on August 07, 2024

A.I.dvisor
at Tickeron.com
08/08/24
Loading...
CJET - Chijet Motor Company
RSI signal
Bullish Trend
Odds of UP Trend
Tickeron
RSI signal
Price: $2.6996
Daily change: -$0.244 (-8.29%)
Daily volume: 34.4K
Capitalization: $14.5M
Industry: Motor Vehicles
This is a signal that CJET'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 16 similar cases where CJET's RSI Indicator left the oversold zone, and in of them led to a successful outcome. Odds of Success:

CJET's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for CJET turned positive on October 07, 2024. Looking at past instances where CJET's MACD turned positive, the stock continued to rise in of 6 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

The Momentum Indicator moved above the 0 level on October 25, 2024. You may want to consider a long position or call options on CJET as a result. In of 17 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 CJET advanced for three days, in of 54 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

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

CJET broke above its upper Bollinger Band on October 16, 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.

The Aroon Indicator for CJET entered a downward trend on October 11, 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.

Fundamental Analysis (Ratings)

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 (0.000) is normal, around the industry mean (6.019). P/E Ratio (0.000) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). CJET has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (8.889) is also within normal values, averaging (76.807).

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

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CJET’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 85, placing this stock worse than average.

View a ticker or compare two or three
CJET
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

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
N/A
Address
No. 8, Beijing South Road Economic & Technological Development Zone Yantai
Phone
+86 5352766221
Employees
N/A
Web
https://www.chijetmotors.com