HNNA Stock Tickeron detected bearish Stock Pattern: Wedge Rising HNNA on December 27, 2023, netting in a 1.96% gain over 1 month

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HNNA - Hennessy Advisors

Ticker: HNNA

Company: Hennessy Advisors

Gain from shortening: +1.96%

Confirmed: 12/27/23

Succeeded: 02/09/24

Total length: 45 days

HNNA in -2.19% downward trend, declining for three consecutive days on October 11, 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 HNNA declined for three days, in of 241 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for HNNA entered a downward trend on October 08, 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 67 cases where HNNA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on October 17, 2024. You may want to consider a long position or call options on HNNA as a result. In of 137 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

HNNA moved above its 50-day moving average on October 14, 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 HNNA advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (0.602) is normal, around the industry mean (2.748). P/E Ratio (10.812) is within average values for comparable stocks, (26.853). HNNA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (3.172). Dividend Yield (0.079) settles around the average of (0.073) among similar stocks. P/S Ratio (2.197) is also within normal values, averaging (11.537).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HNNA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 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 74, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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.