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HWKN Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top HWKN on October 28, 2024, netting in a 3.39% gain over 1 month

A.I.dvisor
at Tickeron.com
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+3.39% Gain from a Successful pattern Head-and-Shoulders Top
HWKN - Hawkins
Tickeron
Ticker: HWKN
Company: Hawkins
Gain from shortening: +3.39%
Confirmed: 10/28/24
Succeeded: 10/30/24
Total length: 40 days
On September 20, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Hawkins (HWKN, $121.40). 38 days later, on October 28, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 30, 2024, the stock hit the target price of $103.90 – resulting in a gain for traders who shorted the stock on the pattern detection date.

HWKN's Stochastic Oscillator sits in overbought zone for 6 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for HWKN crossed bearishly below the 50-day moving average on October 30, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 HWKN 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where HWKN's RSI Oscillator exited the oversold zone, of 20 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 November 07, 2024. You may want to consider a long position or call options on HWKN as a result. In of 99 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 HWKN just turned positive on November 08, 2024. Looking at past instances where HWKN's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

HWKN moved above its 50-day moving average on November 08, 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 HWKN advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 263 cases where HWKN 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.

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. HWKN’s price grows at a higher 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 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 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 (3.971) is normal, around the industry mean (3.589). P/E Ratio (21.451) is within average values for comparable stocks, (33.984). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.035). Dividend Yield (0.008) settles around the average of (0.037) among similar stocks. P/S Ratio (1.697) is also within normal values, averaging (91.875).

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HWKN
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General Information

a manufacturer of specialty chemicals

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
Wholesale Distributors
Address
2381 Rosegate
Phone
+1 612 331-6910
Employees
851
Web
https://www.hawkinsinc.com