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TAL Stock Tickeron detected bullish Stock Pattern: Broadening Bottom TAL on September 25, 2024, netting in a 33.59% gain over 2 months

A.I.dvisor
at Tickeron.com
10/03/24
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+33.59% Gain from a Successful pattern Broadening Bottom
TAL - TAL Education Group
Ticker: TAL
Company: TAL Education Group
Gain: +33.59%
Confirmed: 09/25/24
Succeeded: 10/01/24
Total length: 61 days
On August 01, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bullish) for TAL Education Group (TAL, $9.08). On September 25, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $12.66. 6 days later, on October 01, 2024, TAL reached the target price resulting in a +3 for traders who took a long position in the stock.

TAL in upward trend: 10-day moving average moved above 50-day moving average on September 30, 2024

The 10-day moving average for TAL crossed bullishly above the 50-day moving average on September 30, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2024. You may want to consider a long position or call options on TAL as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TAL just turned positive on September 17, 2024. Looking at past instances where TAL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

TAL moved above its 50-day moving average on September 26, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TAL advanced for three days, in of 282 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for TAL moved out of overbought territory on October 08, 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 34 similar instances where the indicator moved out of overbought territory. In of the 34 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 60 cases where TAL's Stochastic Oscillator exited the overbought zone, the price fell further within 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 TAL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TAL broke above its upper Bollinger Band on September 26, 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 TAL entered a downward trend on September 25, 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.

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 80%.

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

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (2.038) is normal, around the industry mean (27.010). P/E Ratio (0.000) is within average values for comparable stocks, (88.031). TAL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.729). Dividend Yield (0.000) settles around the average of (0.038) among similar stocks. P/S Ratio (5.373) is also within normal values, averaging (11.835).

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. TAL’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 79, placing this stock worse than average.

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General Information

an education and tutoring services provider

Industry MiscellaneousCommercialServices

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
Xiaoying West Street
Phone
+86 1052926658
Employees
11700
Web
http://www.100tal.com