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SPRC Stock SciSparc (SPRC, $0.22) entered Downtrend as Momentum indicator drops below 0 level on Nov 04, 2024

A.I.dvisor
at Tickeron.com
11/05/24
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SPRC - SciSparc Ltd
Momentum signal
Bearish Trend
Odds of DOWN Trend
Tickeron
Momentum signal
Price: $0.2233
Daily change: -$0.0098 (-4.2%)
Daily volume: 434K
Capitalization: $2.3M
Industry: Biotechnology
This indicator may be signaling that SPRC's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 67 similar cases where SPRC's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

SPRC's RSI Oscillator peaks and leaves overbought zone

The 10-day RSI Indicator for SPRC moved out of overbought territory on October 22, 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 9 instances where the indicator moved out of the overbought zone. In of the 9 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

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

SPRC broke above its upper Bollinger Band on October 21, 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.

The Aroon Indicator for SPRC entered a downward trend on October 17, 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 Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 40 cases where SPRC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 07, 2024. You may want to consider a long position or call options on SPRC as a result. In of 66 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 SPRC advanced for three days, in of 108 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (0.324) is normal, around the industry mean (14.649). P/E Ratio (0.002) is within average values for comparable stocks, (100.301). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.993). SPRC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.012). P/S Ratio (0.034) is also within normal values, averaging (227.508).

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

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPRC’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 93, placing this stock worse than average.

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SPRC
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General Information

Industry Biotechnology

Profile
Fundamentals
Details
Industry
N/A
Address
20 Raul Wallenberg Street
Phone
+972 37175777
Employees
3
Web
https://www.scisparc.com