RIG saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 14, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 22 instances where the indicator turned negative. In 21 of the 22 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.
The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on RIG as a result. In of 49 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
RIG moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RIG crossed bearishly below the 50-day moving average on June 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 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 RIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RIG broke above its upper Bollinger Band on June 07, 2022. 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.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RIG'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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RIG advanced for three days, in of 118 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 76 cases where RIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 fairly steady price growth. RIG’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 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: RIG's P/B Ratio (0.204) is slightly lower than the industry average of (1.043). P/E Ratio (18.797) is within average values for comparable stocks, (110.692). RIG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.868) is also within normal values, averaging (0.886).
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. RIG’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 96, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of offshore contract drilling services for oil and gas wells
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|Delaware Growth and Income Instl|
|Columbia Large Cap Index Inst2|
|Fiera Capital US Equity Lng-Trm Qual Ins|
|American Funds Income Fund of Amer R1|
|Calamos Timpani Small Cap Growth C|
A.I.dvisor indicates that over the last year, RIG has been closely correlated with PTEN. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if RIG jumps, then PTEN could also see price increases.
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|NBR - RIG|
|HP - RIG|
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|NE - RIG|