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FCN Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending FCN on October 23, 2024, netting in a 1.41% gain over 3 months

A.I.dvisor
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+1.41% Gain from a Successful pattern Broadening Wedge Ascending
FCN - FTI Consulting
Tickeron
Ticker: FCN
Company: FTI Consulting
Gain from shortening: +1.41%
Confirmed: 10/23/24
Succeeded: 10/23/24
Total length: 98 days
On July 17, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for FTI Consulting (FCN, $226.32). 98 days later, on October 23, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 23, 2024, the stock hit the target price of $203.87 – resulting in a gain for traders who shorted the stock on the pattern detection date.

FCN in downward trend: 10-day moving average crossed below 50-day moving average on October 25, 2024

The 10-day moving average for FCN crossed bearishly below the 50-day moving average on October 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FCN as a result. In of 89 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 FCN turned negative on November 15, 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

FCN moved below its 50-day moving average on October 24, 2024 date and that indicates a change from an upward trend to a downward trend.

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

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCN advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .

FCN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 258 cases where FCN 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock better than average.

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (3.733) is normal, around the industry mean (27.149). P/E Ratio (26.994) is within average values for comparable stocks, (88.031). FCN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.729). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (2.126) is also within normal values, averaging (11.835).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. FCN’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.

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FCN
Daily Signalchanged days ago
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General Information

a provider of business advisory services

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Miscellaneous Commercial Services
Address
555 12th Street NW
Phone
+1 202 312-9100
Employees
7990
Web
https://www.fticonsulting.com