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MOMO Stock Tickeron detected bullish Stock Pattern: Head-and-Shoulders Bottom MOMO on December 09, 2024, netting in a 11.13% gain over 6 days

A.I.dvisor
at Tickeron.com
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+11.13% Gain from a Successful pattern Head-and-Shoulders Bottom
MOMO - Hello Group
Tickeron
Ticker: MOMO
Company: Hello Group
Gain: +11.13%
Confirmed: 12/09/24
Succeeded: 12/09/24
Total length: 6 days
On December 03, 2024, A.I.dvisor detected a Head-and-Shoulders Bottom Pattern (Bullish) for Hello Group (MOMO, $6.65). On December 09, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $7.30. On December 09, 2024, MOMO reached the target price resulting in a +1 for traders who took a long position in the stock.

MOMO's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for MOMO turned positive on December 02, 2024. Looking at past instances where MOMO's MACD turned positive, the stock continued to rise in of 43 cases over 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 December 06, 2024. You may want to consider a long position or call options on MOMO as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

MOMO moved above its 50-day moving average on December 09, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MOMO crossed bullishly above the 50-day moving average on December 12, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 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 MOMO advanced for three days, in of 260 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MOMO moved out of overbought territory on December 16, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

MOMO broke above its upper Bollinger Band on December 09, 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 MOMO entered a downward trend on December 06, 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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MOMO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 (0.726) is normal, around the industry mean (11.086). P/E Ratio (4.702) is within average values for comparable stocks, (48.888). Projected Growth (PEG Ratio) (0.920) 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 (0.743) is also within normal values, averaging (19.577).

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 Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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. MOMO’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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MOMO
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General Information

a holding company, which through its subsidiaries operates a mobile-based social networking platform

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
No. 1 Futongdong Street
Phone
+86 1057310567
Employees
1705
Web
https://www.hellogroup.com