GTIM Stock Good Times Restaurants (GTIM, $2.87) price may drop as it broke higher Bollinger Band on Oct 14, 2024

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GTIM - Good Times Restaurants

Bollinger signal

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Odds of DOWN Trend

Price: $2.87

Daily change: +$0.01 (+0.35%)

Daily volume: 13.9K

Industry: Restaurants

GTIM in downward trend: price may decline as a result of having broken its higher Bollinger Band on October 14, 2024

GTIM broke above its upper Bollinger Band on October 14, 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 48 similar instances where the stock broke above the upper band. In of the 48 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The 10-day moving average for GTIM crossed bearishly below the 50-day moving average on October 04, 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 .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where GTIM 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 Momentum Indicator moved above the 0 level on October 10, 2024. You may want to consider a long position or call options on GTIM as a result. In of 118 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 GTIM just turned positive on October 11, 2024. Looking at past instances where GTIM's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

GTIM moved above its 50-day moving average on October 10, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GTIM advanced for three days, in of 240 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

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. GTIM’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 (0.906) is normal, around the industry mean (5.853). P/E Ratio (27.200) is within average values for comparable stocks, (55.606). GTIM's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.769). GTIM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (0.219) is also within normal values, averaging (3.661).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 83, placing this stock slightly better than average.

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.