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TLK Stock Tickeron detected bearish Stock Pattern: Wedge Falling TLK on October 28, 2024, netting in a 8.77% gain over 2 weeks

A.I.dvisor
at Tickeron.com
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+8.77% Gain from a Successful pattern Wedge Falling
TLK - PT Telekomunikasi Indonesia
Tickeron
Ticker: TLK
Company: PT Telekomunikasi Indonesia
Gain from shortening: +8.77%
Confirmed: 10/28/24
Succeeded: 11/11/24
Total length: 17 days
On October 25, 2024, A.I.dvisor detected a Wedge Falling Pattern (Bearish) for PT Telekomunikasi Indonesia (TLK, $18.48). 3 days later, on October 28, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On November 11, 2024, the stock hit the target price of $16.09 – resulting in a gain for traders who shorted the stock on the pattern detection date.

TLK in downward trend: price dove below 50-day moving average on October 22, 2024

TLK moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a downward trend. In of 30 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TLK as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 TLK 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 TLK entered a downward trend on November 21, 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 TLK's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where TLK'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 Moving Average Convergence Divergence (MACD) for TLK just turned positive on November 21, 2024. Looking at past instances where TLK's MACD turned positive, the stock continued to rise in of 47 cases over the following month. 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 TLK advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .

TLK 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 SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. TLK’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 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 (2.542) is normal, around the industry mean (4.726). P/E Ratio (14.107) is within average values for comparable stocks, (113.894). Projected Growth (PEG Ratio) (1.472) is also within normal values, averaging (8.093). Dividend Yield (0.051) settles around the average of (0.059) among similar stocks. P/S Ratio (2.309) is also within normal values, averaging (13.458).

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. TLK’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 81, placing this stock worse than average.

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TLK
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General Information

a provider of fixed line and wireless telecommunications services in Indonesia

Industry WirelessTelecommunications

Profile
Fundamentals
Details
Industry
Major Telecommunications
Address
Jalan Japati No. 1
Phone
+62 224521404
Employees
23793
Web
https://www.telkom.co.id