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SMAR Stock Smartsheet (SMAR, $55.59) Moving Average Convergence Divergence (MACD) Histogram turned negative on October 8, 2024

A.I.dvisor
at Tickeron.com
10/09/24
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SMAR - Smartsheet
MACD signal
Bearish Trend
Odds of DOWN Trend
MACD signal
Price: $55.59
Daily change: +$0.09 (+0.16%)
Daily volume: 2.6M
Industry: Packaged Software
This is a Bearish indicator signaling SMAR's price could decline from here. Traders may explore shorting the stock or put options. A.I. dvisor identified 50 similar cases where SMAR's MACD histogram became negative, and of them led to successful outcomes. Odds of Success:

SMAR's RSI Oscillator stays in overbought zone for 12 days

The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for SMAR turned negative on October 08, 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .

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

SMAR broke above its upper Bollinger Band on September 24, 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 September 24, 2024. You may want to consider a long position or call options on SMAR as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SMAR advanced for three days, in of 338 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 195 cases where SMAR 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 positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 83%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SMAR’s price grows at a higher 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: P/B Ratio (8.711) is normal, around the industry mean (30.829). P/E Ratio (0.000) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (1.422) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (5.391) is also within normal values, averaging (56.664).

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. SMAR’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 88, placing this stock better than average.

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 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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SMAR
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General Information

a service company that offers an enterprise-ready cloud app for work management and collaboration

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
500 108th Avenue North East
Phone
+1 844 324-2360
Employees
3300
Web
https://www.smartsheet.com