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SWIN Stock Tickeron detected bearish Stock Pattern: Pennant SWIN on October 22, 2024, netting in a 18.51% gain over 3 weeks

A.I.dvisor
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+18.51% Gain from a Successful pattern Pennant
SWIN - Solowin Holdings Ordinary Share
Tickeron
Ticker: SWIN
Company: Solowin Holdings Ordinary Share
Gain from shortening: +18.51%
Confirmed: 10/22/24
Succeeded: 11/14/24
Total length: 27 days
On October 18, 2024, A.I.dvisor detected a Pennant Pattern (Bearish) for Solowin Holdings Ordinary Share (SWIN, $2.81). 4 days later, on October 22, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 14, 2024, the stock hit the target price of $2.17 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

Momentum Indicator for SWIN turns negative, indicating new downward trend

SWIN saw its Momentum Indicator move below the 0 level on December 05, 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 20 similar instances where the indicator turned negative. In of the 20 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 SWIN turned negative on December 06, 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 7 similar instances when the indicator turned negative. In of the 7 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 SWIN 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 SWIN entered a downward trend on November 26, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where SWIN's RSI Oscillator exited the oversold zone, of 6 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SWIN advanced for three days, in of 74 cases, the price rose further within the following month. The odds of a continued upward trend are .

SWIN 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 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: SWIN's P/B Ratio (27.248) is slightly higher than the industry average of (5.702). P/E Ratio (67.457) is within average values for comparable stocks, (34.442). SWIN's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). SWIN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (20.450) is also within normal values, averaging (112.495).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SWIN’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. SWIN’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 68, placing this stock worse than average.

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General Information

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Profile
Fundamentals
Details
Industry
N/A
Address
33 Canton Road
Phone
+852 34283893
Employees
15
Web
https://www.solomonwin.com.hk