MENU

NWGL Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top NWGL on October 24, 2024, netting in a 6.44% gain over 5 days

A.I.dvisor
at Tickeron.com
10/31/24
Loading...
+6.44% Gain from a Successful pattern Head-and-Shoulders Top
NWGL - Nature Wood Group Limited
Tickeron
Ticker: NWGL
Company: Nature Wood Group
Gain from shortening: +6.44%
Confirmed: 10/24/24
Succeeded: 10/29/24
Total length: 5 days
On October 24, 2024, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Nature Wood Group Limited (NWGL, $1.58). On October 24, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 29, 2024, the stock hit the target price of $1.38 – resulting in a gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for NWGL turns negative, indicating new downward trend

NWGL saw its Momentum Indicator move below the 0 level on October 25, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 20 similar instances where the indicator turned negative. In of the 20 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for NWGL turned negative on October 25, 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 5 similar instances when the indicator turned negative. In of the 5 cases the stock turned lower in the days that followed. This puts the odds of success at .

NWGL moved below its 50-day moving average on October 25, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NWGL 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 3 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 NWGL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NWGL entered a downward trend on November 06, 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 11 cases where NWGL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NWGL advanced for three days, in of 71 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

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 slightly worse than average price growth. NWGL’s price grows at a lower 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: NWGL's P/B Ratio (20.790) is very high in comparison to the industry average of (2.783). P/E Ratio (29.851) is within average values for comparable stocks, (37.613). NWGL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (3.803). NWGL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). NWGL's P/S Ratio (5.184) is slightly higher than the industry average of (2.085).

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. NWGL’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 74, placing this stock worse than average.

View a ticker or compare two or three
NWGL
Daily Signalchanged days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry ForestProducts

Profile
Fundamentals
Details
Industry
N/A
Address
Avenida da Amizade No. 1287
Phone
+853 28553594
Employees
N/A
Web
http://www.nature-wood.com