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DOW Stock Dow (DOW, $59.06) RSI Indicator left the overbought zone on May 15, 2024

A.I.dvisor
at Tickeron.com
05/16/24
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DOW - Dow
RSI signal
Bearish Trend
Odds of DOWN Trend
Tickeron
RSI signal
Price: $59.06
Daily change: -$0.59 (-0.99%)
Daily volume: 3.5M
Capitalization: $41.5B
Industry: Chemicals: Specialty
This is a signal that DOW's price could be shifting from an uptrend to a downtrend. Traders may consider selling the stock or exploring put options. A.I.dvisor looked back and found 33 similar cases where DOW's RSI Indicator left the overbought zone, and in of them led to a successful outcome. Odds of Success:

DOW in downward trend: 10-day moving average broke below 50-day moving average on October 24, 2024

The 10-day moving average for DOW crossed bearishly below the 50-day moving average on October 24, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

DOW moved below its 50-day moving average on October 21, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOW 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 DOW entered a downward trend on November 13, 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 Indicator shows that the ticker has stayed in the oversold zone for 3 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 Uptrend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOW advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

DOW 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 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 (2.217) is normal, around the industry mean (3.589). P/E Ratio (71.049) is within average values for comparable stocks, (33.984). Projected Growth (PEG Ratio) (0.788) is also within normal values, averaging (6.035). Dividend Yield (0.048) settles around the average of (0.037) among similar stocks. P/S Ratio (0.926) is also within normal values, averaging (91.875).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 fairly steady price growth. DOW’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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

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.

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General Information

a developer of chemicals and specialty materials

Industry ChemicalsSpecialty

Profile
Fundamentals
Details
Industry
Chemicals Specialty
Address
2211 H.H. Dow Way
Phone
+1 989 636-1000
Employees
35900
Web
https://www.dow.com