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FENG Stock Tickeron detected bullish Stock Pattern: Three Rising Valleys FENG on April 30, 2024, netting in a 12.90% gain over 2 weeks

A.I.dvisor
at Tickeron.com
05/08/24
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+12.90% Gain from a Successful pattern Three Rising Valleys
FENG - Phoenix New Media Limited
Tickeron
Ticker: FENG
Company: Phoenix New Media
Gain: +12.9%
Confirmed: 04/30/24
Succeeded: 05/07/24
Total length: 15 days
On April 22, 2024, A.I.dvisor detected a Three Rising Valleys Pattern (Bullish) for Phoenix New Media Limited (FENG, $1.86). On April 30, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $2.84. 7 days later, on May 07, 2024, FENG reached the target price resulting in a +1 for traders who took a long position in the stock.

FENG's RSI Indicator climbs out of oversold territory

The RSI Oscillator for FENG moved out of oversold territory on November 07, 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 37 similar instances when the indicator left oversold territory. In of the 37 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 70 cases where FENG'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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FENG advanced for three days, in of 194 cases, the price rose further within the following month. The odds of a continued upward trend are .

FENG 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

FENG 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.

The 10-day moving average for FENG crossed bearishly below the 50-day moving average on October 23, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 FENG 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 FENG entered a downward trend on November 14, 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 slightly 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 (0.135) is normal, around the industry mean (10.901). P/E Ratio (0.952) is within average values for comparable stocks, (50.708). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (0.234) is also within normal values, averaging (19.253).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FENG’s price grows at a higher rate over the last 12 months as compared to 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FENG’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.

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General Information

a provider of Chinese language television programs broadcasting services

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Broadcasting
Address
No. 4 Qiyang Road
Phone
+86 1060676000
Employees
893
Web
https://www.ifeng.com