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PIPR Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Ascending PIPR on October 24, 2024, netting in a 1.73% gain over 1 week

A.I.dvisor
at Tickeron.com
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+1.73% Gain from a Successful pattern Broadening Wedge Ascending
PIPR - Piper Sandler Companies
Tickeron
Ticker: PIPR
Company: Piper Sandler Companies
Gain from shortening: +1.73%
Confirmed: 10/24/24
Succeeded: 10/24/24
Total length: 10 days
On October 14, 2024, A.I.dvisor detected a Broadening Wedge Ascending Pattern (Bearish) for Piper Sandler Companies (PIPR, $294.59). 10 days later, on October 24, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 24, 2024, the stock hit the target price of $280.33 – resulting in a gain for traders who shorted the stock on the pattern detection date.

PIPR's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for PIPR moved out of overbought territory on November 13, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 50 instances where the indicator moved out of the overbought zone. In of the 50 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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

PIPR broke above its upper Bollinger Band on November 06, 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 Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on PIPR as a result. In of 85 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 PIPR just turned positive on November 06, 2024. Looking at past instances where PIPR's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where PIPR advanced for three days, in of 357 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 339 cases where PIPR 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 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 69, placing this stock better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (2.741) is normal, around the industry mean (5.701). P/E Ratio (39.756) is within average values for comparable stocks, (33.698). PIPR's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). Dividend Yield (0.012) settles around the average of (0.030) among similar stocks. P/S Ratio (2.613) is also within normal values, averaging (112.655).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PIPR’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 SMR rating for this company is (best 1 - 100 worst), indicating 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 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.

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PIPR
Daily Signalchanged days ago
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General Information

an investment bank and asset management firm, which engages in the provision of equity and debt capital markets products; public finance services; financial advisory services; equity research and institutional brokerage; fixed income institutional brokerage; and asset management services.

Industry InvestmentBanksBrokers

Profile
Fundamentals
Details
Industry
N/A
Address
800 Nicollet Mall
Phone
+1 612 303-6000
Employees
1725
Web
https://www.pipersandler.com