MENU

FLGC Stock Tickeron detected bullish Stock Pattern: Flag FLGC on September 17, 2024, netting in a 35.24% gain over 1 month

A.I.dvisor
at Tickeron.com
09/21/24
Loading...
+35.24% Gain from a Successful pattern Flag
FLGC - Flora Growth Corp
Ticker: FLGC
Company: Flora Growth
Gain: +35.24%
Confirmed: 09/17/24
Succeeded: 09/19/24
Total length: 51 days
On July 30, 2024, A.I.dvisor detected a Flag Pattern (Bullish) for Flora Growth Corp (FLGC, $1.05). On September 17, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $1.41. 2 days later, on September 19, 2024, FLGC reached the target price resulting in a +3 for traders who took a long position in the stock.

Momentum Indicator for FLGC turns positive, indicating new upward trend

FLGC saw its Momentum Indicator move above the 0 level on September 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 59 similar instances where the indicator turned positive. In of the 59 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for FLGC just turned positive on September 16, 2024. Looking at past instances where FLGC's MACD turned positive, the stock continued to rise in of 20 cases over the following month. The odds of a continued upward trend are .

FLGC moved above its 50-day moving average on September 16, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for FLGC crossed bullishly above the 50-day moving average on September 19, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 9 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FLGC advanced for three days, in of 133 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 64 cases where FLGC 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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

FLGC broke above its upper Bollinger Band on October 01, 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.

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FLGC’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 (1.295) is normal, around the industry mean (56.029). P/E Ratio (0.000) is within average values for comparable stocks, (89.935). FLGC's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.890). Dividend Yield (0.000) settles around the average of (0.122) among similar stocks. P/S Ratio (0.191) is also within normal values, averaging (18.637).

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. FLGC’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 91, placing this stock worse than average.

View a ticker or compare two or three
FLGC
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 PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
N/A
Address
3406 South West 26th Terrace
Phone
+1 954 842-4989
Employees
343
Web
https://www.floragrowth.com