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TXO Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom TXO on April 23, 2024, netting in a 10.40% gain over 3 weeks

A.I.dvisor
at Tickeron.com
05/10/24
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+10.40% Gain from a Successful pattern Head-and-Shoulders Bottom
TXO - TXO Partners LP
Ticker: TXO
Company: TXO Partners
Gain: +10.4%
Confirmed: 04/23/24
Succeeded: 05/09/24
Total length: 24 days
On April 15, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for TXO Partners LP (TXO, $17.98). On April 23, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $19.37. 16 days later, on May 09, 2024, TXO reached the target price resulting in a +1 for traders who took a long position in the stock.

TXO in upward trend: price rose above 50-day moving average on October 07, 2024

TXO moved above its 50-day moving average on October 07, 2024 date and that indicates a change from a downward trend to an upward trend. In of 25 similar past instances, the stock price increased further within 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 24, 2024. You may want to consider a long position or call options on TXO as a result. In of 39 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 TXO just turned positive on September 23, 2024. Looking at past instances where TXO's MACD turned positive, the stock continued to rise in of 19 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for TXO crossed bullishly above the 50-day moving average on October 07, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 4 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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TXO advanced for three days, in of 91 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 21 cases where TXO'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 TXO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TXO broke above its upper Bollinger Band on September 27, 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 TXO entered a downward trend on September 23, 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 88%.

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 (1.182) is normal, around the industry mean (5.146). P/E Ratio (8.278) is within average values for comparable stocks, (19.593). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.525). Dividend Yield (0.114) settles around the average of (0.084) among similar stocks. P/S Ratio (1.448) is also within normal values, averaging (152.932).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TXO’s price grows at a higher 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. TXO’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 75, placing this stock worse than average.

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General Information

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
N/A
Address
400 West 7th Street
Phone
+1 817 334-7800
Employees
189
Web
https://www.txopartners.com