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FOA Stock Tickeron detected bullish Stock Pattern: Triangle Descending FOA on October 24, 2024, netting in a 41.82% gain over 1 month

A.I.dvisor
at Tickeron.com
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+41.82% Gain from a Successful pattern Triangle Descending
FOA - Finance of America Companies
Tickeron
Ticker: FOA
Company: Finance of America Companies
Gain: +41.82%
Confirmed: 10/24/24
Succeeded: 11/06/24
Total length: 33 days
On October 04, 2024, A.I.dvisor detected a Triangle Descending Pattern (Bullish) for Finance of America Companies (FOA, $10.21). On October 24, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $15.15. 13 days later, on November 06, 2024, FOA reached the target price resulting in a +4 for traders who took a long position in the stock.

FOA in -10.17% downward trend, sliding for three consecutive days on November 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FOA declined for three days, in of 289 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates 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 Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

FOA broke above its upper Bollinger Band on November 08, 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on FOA as a result. In of 86 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 FOA just turned positive on October 22, 2024. Looking at past instances where FOA's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FOA advanced for three days, in of 214 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 108 cases where FOA 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 SMR rating for this company is (best 1 - 100 worst), indicating very 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 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. FOA’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 (0.296) is normal, around the industry mean (4.760). P/E Ratio (0.000) is within average values for comparable stocks, (55.979). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.039). FOA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (0.330) is also within normal values, averaging (3.178).

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. FOA’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 73, placing this stock worse than average.

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FOA
Daily Signalchanged days ago
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a blank check company, which formed for a purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, and reorganization

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
N/A
Address
5830 Granite Parkway
Phone
+1 877 202-2666
Employees
954
Web
https://www.financeofamerica.com