MENU

SB Stock Tickeron detected bearish Stock Pattern: Broadening Bottom SB on October 15, 2024, netting in a 16.04% gain over 2 months

A.I.dvisor
at Tickeron.com
Loading...
+16.04% Gain from a Successful pattern Broadening Bottom
SB - Safe Bulkers
Tickeron
Ticker: SB
Company: Safe Bulkers
Gain from shortening: +16.04%
Confirmed: 10/15/24
Succeeded: 12/16/24
Total length: 62 days
On October 15, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for Safe Bulkers (SB, $4.32). On October 15, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On December 16, 2024, the stock hit the target price of $3.58 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

SB in -2.99% downward trend, declining for three consecutive days on December 17, 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 SB declined for three days, in of 240 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 Momentum Indicator moved below the 0 level on November 20, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SB as a result. In of 90 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 Moving Average Convergence Divergence Histogram (MACD) for SB turned negative on December 13, 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .

The Aroon Indicator for SB entered a downward trend on December 20, 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 Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

SB 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 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 (0.454) is normal, around the industry mean (2.204). P/E Ratio (3.900) is within average values for comparable stocks, (20.939). SB's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.454). Dividend Yield (0.057) settles around the average of (0.093) among similar stocks. P/S Ratio (1.200) is also within normal values, averaging (1.681).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock slightly better than average.

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SB’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.

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

General Information

a holding company with interest in providing marine transportation

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
6, Avenue des Citronniers
Phone
+30 2111888400
Employees
1102
Web
https://www.safebulkers.com