ISPR Stock Tickeron detected bearish Stock Pattern: Rectangle Top ISPR on September 24, 2024, netting in a 20.93% gain over 1 month

GET DAILY SIGNALS

Get AI intraday signals

ISPR - Ispire Technology

Ticker: ISPR

Company: Ispire Technology

Gain from shortening: +20.93%

Confirmed: 09/24/24

Succeeded: 10/30/24

Total length: 44 days

ISPR in downward trend: price dove below 50-day moving average on November 18, 2024

ISPR moved below its 50-day moving average on November 18, 2024 date and that indicates a change from an upward trend to a downward trend. In of 15 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 14 cases where ISPR'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 ISPR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ISPR broke above its upper Bollinger Band on November 14, 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ISPR's RSI Oscillator exited the oversold zone, of 10 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 21, 2024. You may want to consider a long position or call options on ISPR as a result. In of 31 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 ISPR just turned positive on November 06, 2024. Looking at past instances where ISPR's MACD turned positive, the stock continued to rise in of 16 cases 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 ISPR advanced for three days, in of 78 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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: ISPR's P/B Ratio (11.601) is very high in comparison to the industry average of (3.208). ISPR has a moderately low P/E Ratio (0.000) as compared to the industry average of (12.706). ISPR's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.215). ISPR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (2.349) is also within normal values, averaging (5.391).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ISPR’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. ISPR’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 72, placing this stock worse than average.