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USEA Stock Tickeron detected bullish Stock Pattern: Triple Bottoms USEA on September 17, 2024, netting in a 3.11% gain over 2 months

A.I.dvisor
at Tickeron.com
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+3.11% Gain from a Successful pattern Triple Bottoms
USEA - United Maritime Corp
Tickeron
Ticker: USEA
Company: United Maritime
Gain: +3.11%
Confirmed: 09/17/24
Succeeded: 09/25/24
Total length: 77 days
On July 10, 2024, A.I.dvisor detected a Triple Bottoms Pattern (Bullish) for United Maritime Corp (USEA, $2.57). On September 17, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $2.76. 8 days later, on September 25, 2024, USEA reached the target price resulting in a for traders who took a long position in the stock.

USEA's RSI Oscillator ascending out of oversold territory

The RSI Oscillator for USEA moved out of oversold territory on November 14, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 8 similar instances when the indicator left oversold territory. In of the 8 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 25 cases where USEA'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USEA advanced for three days, in of 129 cases, the price rose further within the following month. The odds of a continued upward trend are .

USEA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 07, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on USEA as a result. In of 48 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The 10-day moving average for USEA crossed bearishly below the 50-day moving average on October 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 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 USEA 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 USEA entered a downward trend on November 20, 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)

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 (0.291) is normal, around the industry mean (2.319). P/E Ratio (2.269) is within average values for comparable stocks, (23.273). USEA's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.684). Dividend Yield (0.142) settles around the average of (0.077) among similar stocks. P/S Ratio (0.399) is also within normal values, averaging (2.147).

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 SMR rating for this company is (best 1 - 100 worst), indicating 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 fairly steady price growth. USEA’s price grows at a lower rate over the last 12 months as compared to 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. USEA’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 69, placing this stock worse than average.

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USEA
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General Information

Industry MarineShipping

Profile
Fundamentals
Details
Industry
N/A
Address
154 Vouliagmenis Avenue
Phone
+30 2130181507
Employees
2
Web
https://www.unitedmaritime.gr/en