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GXAI Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Top GXAI on August 21, 2024, netting in a 42.66% gain over 1 week

A.I.dvisor
at Tickeron.com
08/22/24
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+42.66% Gain from a Successful pattern Triangle Symmetrical Top
GXAI - Gaxosai
Ticker: GXAI
Company: Gaxosai
Gain: +42.66%
Confirmed: 08/21/24
Succeeded: 08/21/24
Total length: 12 days
On August 09, 2024, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bullish) for Gaxosai (GXAI, $2.18). On August 21, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $3.42. On August 21, 2024, GXAI reached the target price resulting in a +4 for traders who took a long position in the stock.

GXAI's RSI Indicator remains in oversold zone for 14 days

The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where GXAI advanced for three days, in of 58 cases, the price rose further within the following month. The odds of a continued upward trend are .

GXAI 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 Momentum Indicator moved below the 0 level on September 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GXAI as a result. In of 26 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

GXAI moved below its 50-day moving average on September 23, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for GXAI crossed bearishly below the 50-day moving average on September 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 3 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 GXAI 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 GXAI entered a downward trend on September 19, 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)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 87%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (1.550) is normal, around the industry mean (30.829). P/E Ratio (0.000) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (56.744).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GXAI’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. GXAI’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 88, placing this stock worse than average.

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General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
101 Eisenhower Parkway
Phone
+1 973 275-7428
Employees
13
Web
https://www.gaxos.ai