HUDI Stock Huadi International Group (HUDI, $2.42) entered Downtrend as Momentum indicator drops below 0 level on Oct 08, 2024
HUDI's RSI Indicator leaves overbought zone
The 10-day RSI Indicator for HUDI moved out of overbought territory on October 03, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 14 instances where the indicator moved out of the overbought zone. In of the 14 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 21 cases where HUDI's Stochastic Oscillator exited the overbought zone, the price fell further within 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 HUDI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HUDI broke above its upper Bollinger Band on October 02, 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 Aroon Indicator for HUDI entered a downward trend on September 23, 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 Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on HUDI as a result. In of 88 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 HUDI just turned positive on September 13, 2024. Looking at past instances where HUDI's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .
HUDI moved above its 50-day moving average on September 24, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for HUDI crossed bullishly above the 50-day moving average on October 01, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where HUDI advanced for three days, in of 155 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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 9%.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HUDI’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 (0.509) is normal, around the industry mean (1.246). P/E Ratio (14.211) is within average values for comparable stocks, (60.499). HUDI's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.592). HUDI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.046). P/S Ratio (0.461) is also within normal values, averaging (1.206).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. HUDI’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 66, placing this stock worse than average.
General Information
Industry Steel