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STSS Stock Tickeron detected bearish Stock Pattern: Broadening Bottom STSS on September 23, 2024, netting in a 27.60% gain over 5 days

A.I.dvisor
at Tickeron.com
09/26/24
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+27.60% Gain from a Successful pattern Broadening Bottom
STSS - Sharps Technology
Ticker: STSS
Company: Sharps Technology
Gain from shortening: +27.6%
Confirmed: 09/23/24
Succeeded: 09/24/24
Total length: 5 days
On September 19, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for Sharps Technology (STSS, $0.24). 4 days later, on September 23, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 24, 2024, the stock hit the target price of $0.17 – resulting in a +2 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for STSS turns negative, indicating new downward trend

STSS saw its Momentum Indicator move below the 0 level on September 13, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator turned negative. In of the 43 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for STSS turned negative on September 11, 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 26 similar instances when the indicator turned negative. In of the 26 cases the stock turned lower in the days that followed. This puts the odds of success at .

STSS moved below its 50-day moving average on September 16, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for STSS crossed bearishly below the 50-day moving average on September 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 STSS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for STSS entered a downward trend on October 04, 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 9 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 17 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where STSS advanced for three days, in of 106 cases, the price rose further within the following month. The odds of a continued upward trend are .

STSS 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)

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 83%.

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 (0.510) is normal, around the industry mean (22.978). P/E Ratio (0.000) is within average values for comparable stocks, (83.568). Projected Growth (PEG Ratio) (0.000) 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 (0.000) is also within normal values, averaging (47.711).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. STSS’s price grows at a lower 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 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.

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. STSS’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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General Information

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
N/A
Address
105 Maxess Road
Phone
+1 631 574-4436
Employees
58
Web
https://www.sharpstechnology.com