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SHC Stock Tickeron detected bearish Stock Pattern: Triangle Descending SHC on March 01, 2023, netting in a 11.86% gain over 2 months

A.I.dvisor
at Tickeron.com
05/10/23
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+11.86% Gain from a Successful pattern Triangle Descending
SHC - Sotera Health Company
Ticker: SHC
Company: Sotera Health
Gain from shortening: +11.86%
Confirmed: 03/01/23
Succeeded: 05/09/23
Total length: 70 days
On February 28, 2023, A.I.dvisor detected a Triangle Descending Pattern (Bearish) for Sotera Health Company (SHC, $16.69). 1 day later, on March 01, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 09, 2023, the stock hit the target price of $14.71 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

SHC sees MACD Histogram crosses below signal line

SHC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 29 instances where the indicator turned negative. In of the 29 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for SHC moved out of overbought territory on September 06, 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 14 similar instances where the indicator moved out of overbought territory. In of the 14 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 27, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SHC as a result. In of 60 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 SHC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SHC advanced for three days, in of 217 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 101 cases where SHC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 74%.

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 steady price growth. SHC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 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 (7.468) is normal, around the industry mean (22.978). P/E Ratio (65.111) is within average values for comparable stocks, (83.568). Projected Growth (PEG Ratio) (1.357) is also within normal values, averaging (5.667). Dividend Yield (0.000) settles around the average of (0.018) among similar stocks. P/S Ratio (3.164) is also within normal values, averaging (47.711).

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. SHC’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 87, placing this stock worse than average.

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SHC
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General Information

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
N/A
Address
9100 South Hills Boulevard
Phone
+1 440 262-1410
Employees
3000
Web
https://investors.soterahealth.com