IHRT Stock iHeartMedia (IHRT, $2.44) price may drop as it broke higher Bollinger Band on Nov 08, 2024

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IHRT - iHeartMedia

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Odds of DOWN Trend

Price: $2.44

Daily change: +$0.26 (+11.93%)

Daily volume: 1.8M

Capitalization: $344.5M

Industry: Broadcasting

IHRT in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 08, 2024

IHRT broke above its upper Bollinger Band on November 08, 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 44 similar instances where the stock broke above the upper band. In of the 44 cases the stock fell afterwards. This puts the odds of success at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where IHRT'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 IHRT 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 31, 2024. You may want to consider a long position or call options on IHRT as a result. In of 82 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 IHRT just turned positive on November 07, 2024. Looking at past instances where IHRT's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

IHRT moved above its 50-day moving average on November 07, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for IHRT moved above the 200-day moving average on November 05, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where IHRT advanced for three days, in of 272 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 173 cases where IHRT 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IHRT’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 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: IHRT's P/B Ratio (0.000) is slightly lower than the industry average of (0.912). IHRT has a moderately low P/E Ratio (0.000) as compared to the industry average of (10.902). IHRT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.321). IHRT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.055). P/S Ratio (0.088) is also within normal values, averaging (0.606).

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 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. IHRT’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 95, placing this stock worse than average.