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MOND Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending MOND on September 10, 2024, netting in a 24.63% gain over 3 weeks

A.I.dvisor
at Tickeron.com
10/03/24
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+24.63% Gain from a Successful pattern Broadening Wedge Descending
MOND - Mondee Holdings
Tickeron
Ticker: MOND
Company: Mondee Holdings
Gain from shortening: +24.63%
Confirmed: 09/10/24
Succeeded: 10/01/24
Total length: 22 days
On September 09, 2024, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bearish) for Mondee Holdings (MOND, $1.69). 1 day later, on September 10, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 01, 2024, the stock hit the target price of $1.27 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

MOND in -3.08% downward trend, sliding for three consecutive days on November 01, 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 MOND declined for three days, in of 168 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 35 cases where MOND's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on October 30, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MOND as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Aroon Indicator for MOND entered a downward trend on October 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MOND's RSI Indicator exited the oversold zone, of 19 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MOND just turned positive on October 09, 2024. Looking at past instances where MOND's MACD turned positive, the stock continued to rise in of 41 cases over 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 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 (0.000) is normal, around the industry mean (13.138). P/E Ratio (0.000) is within average values for comparable stocks, (55.221). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.802). Dividend Yield (0.000) settles around the average of (0.053) among similar stocks. P/S Ratio (0.788) is also within normal values, averaging (22.119).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MOND’s price grows at a lower 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 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. MOND’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 86, placing this stock worse than average.

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MOND
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General Information

Industry OtherConsumerServices

Profile
Fundamentals
Details
Industry
N/A
Address
10800 Pecan Park Blvd.
Phone
+1 650 646-3320
Employees
932
Web
https://www.mondee.com