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GENK Stock Tickeron detected bullish Stock Pattern: Three Rising Valleys GENK on October 17, 2024, netting in a 9.38% gain over 3 weeks

A.I.dvisor
at Tickeron.com
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+9.38% Gain from a Successful pattern Three Rising Valleys
GENK - GEN Restaurant Group
Tickeron
Ticker: GENK
Company: GEN Restaurant Group
Gain: +9.38%
Confirmed: 10/17/24
Succeeded: 10/29/24
Total length: 21 days
On October 08, 2024, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for GEN Restaurant Group (GENK, $8.16). On October 17, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $9.22. 12 days later, on October 29, 2024, GENK reached the target price resulting in a for traders who took a long position in the stock.

GENK in downward trend: price may decline as a result of having broken its higher Bollinger Band on November 12, 2024

GENK broke above its upper Bollinger Band on November 12, 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 A.I.dvisor looked at 10 similar instances where the stock broke above the upper band. In of the 10 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for GENK moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 6 similar instances where the indicator moved out of overbought territory. In of the 6 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on November 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GENK as a result. In of 21 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 GENK turned negative on November 14, 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 15 similar instances when the indicator turned negative. In of the 15 cases the stock turned lower in the days that followed. This puts the odds of success at .

GENK moved below its 50-day moving average on November 13, 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 GENK 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

The 10-day moving average for GENK crossed bullishly above the 50-day moving average on October 28, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 3 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 GENK advanced for three days, in of 72 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 31 cases where GENK 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 (3.416) is normal, around the industry mean (10.170). P/E Ratio (3.994) is within average values for comparable stocks, (56.999). GENK's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.762). GENK has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (0.190) is also within normal values, averaging (8.691).

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GENK’s price grows at a lower rate over the last 12 months as compared to 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. GENK’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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GENK
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General Information

Industry Restaurants

Profile
Fundamentals
Details
Industry
N/A
Address
11480 South Street
Phone
+1 562 356-9929
Employees
2500
Web
https://www.genkoreanbbq.com