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FWRG Stock Tickeron detected bullish Stock Pattern: Broadening Wedge Descending FWRG on August 06, 2024, netting in a 11.06% gain over 1 day

A.I.dvisor
at Tickeron.com
08/07/24
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+11.06% Gain from a Successful pattern Broadening Wedge Descending
FWRG - First Watch Restaurant Group
Ticker: FWRG
Company: First Watch Restaurant Group
Gain: +11.06%
Confirmed: 08/06/24
Succeeded: 08/06/24
Total length: 1 day
On August 05, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for First Watch Restaurant Group (FWRG, $14.28). On August 06, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $16.30. On August 06, 2024, FWRG reached the target price resulting in a +1 for traders who took a long position in the stock.

FWRG's RSI Oscillator climbs out of oversold territory

The RSI Oscillator for FWRG moved out of oversold territory on October 11, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In of the 18 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on October 16, 2024. You may want to consider a long position or call options on FWRG as a result. In of 53 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 FWRG just turned positive on October 15, 2024. Looking at past instances where FWRG's MACD turned positive, the stock continued to rise in of 27 cases 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 FWRG advanced for three days, in of 166 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Bearish Trend Analysis

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

The 10-day moving average for FWRG crossed bearishly below the 50-day moving average on September 11, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 9 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 FWRG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for FWRG entered a downward trend on October 15, 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 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 (1.608) is normal, around the industry mean (5.809). P/E Ratio (39.974) is within average values for comparable stocks, (55.202). FWRG's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.769). FWRG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (1.003) is also within normal values, averaging (3.637).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. FWRG’s price grows at a lower 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 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. FWRG’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 83, placing this stock worse than average.

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FWRG
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General Information

Industry Restaurants

Profile
Fundamentals
Details
Industry
N/A
Address
8725 Pendery Place
Phone
+1 941 907-9800
Employees
14000
Web
https://investors.firstwatch.com