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NECB Stock Tickeron detected bullish Stock Pattern: Flag NECB on September 18, 2024, netting in a 7.73% gain over 2 weeks

A.I.dvisor
at Tickeron.com
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+7.73% Gain from a Successful pattern Flag
NECB - NorthEast Community Bancorp
Tickeron
Ticker: NECB
Company: NorthEast Community Bancorp
Gain: +7.73%
Confirmed: 09/18/24
Succeeded: 09/23/24
Total length: 20 days
On September 03, 2024, A.I.dvisor detected a Flag Pattern (Bullish) for NorthEast Community Bancorp (NECB, $22.51). On September 18, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $24.01. 5 days later, on September 23, 2024, NECB reached the target price resulting in a for traders who took a long position in the stock.

NECB in +1.93% Uptrend, advancing for three consecutive days on November 19, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NECB advanced for three days, in of 280 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on NECB as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 377 cases where NECB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for NECB moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 66 cases where NECB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NECB turned negative on November 21, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NECB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NECB broke above its upper Bollinger Band on November 11, 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.

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 62, 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 SMR rating for this company is (best 1 - 100 worst), indicating very 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NECB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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: P/B Ratio (0.786) is normal, around the industry mean (1.032). P/E Ratio (4.702) is within average values for comparable stocks, (18.697). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.382). Dividend Yield (0.015) settles around the average of (0.058) among similar stocks. P/S Ratio (2.155) is also within normal values, averaging (2.926).

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NECB
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General Information

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
N/A
Address
325 Hamilton Avenue
Phone
+1 914 684-2500
Employees
139
Web
https://www.necb.com