WBUY Stock Tickeron detected bearish Stock Pattern: Broadening Wedge Descending on October 31, 2024

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WBUY - WEBUY GLOBAL Ltd

Emerged: 10/31/24

Breakout: $0.1104

Price: $0.1189

Target price: $0.0793

WBUY's RSI Indicator recovers from overbought zone

The 10-day RSI Oscillator for WBUY moved out of overbought territory on November 14, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 2 instances where the indicator moved out of the overbought zone. In of the 2 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WBUY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WBUY broke above its upper Bollinger Band on November 07, 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.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The Momentum Indicator moved above the 0 level on November 07, 2024. You may want to consider a long position or call options on WBUY as a result. In of 24 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 WBUY just turned positive on November 07, 2024. Looking at past instances where WBUY's MACD turned positive, the stock continued to rise in of 3 cases over the following month. The odds of a continued upward trend are .

WBUY moved above its 50-day moving average on November 07, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for WBUY crossed bullishly above the 50-day moving average on November 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 2 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 +11 3-day Advance, the price is estimated to grow further. Considering data from situations where WBUY advanced for three days, in of 43 cases, the price rose further within the following month. The odds of a continued upward trend are .

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: P/B Ratio (2.660) is normal, around the industry mean (4.084). P/E Ratio (0.000) is within average values for comparable stocks, (59.856). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.991). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (0.225) is also within normal values, averaging (6.157).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WBUY’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. WBUY’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 90, placing this stock worse than average.