PLAB Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Top PLAB on November 06, 2024, netting in a 4.89% gain over 1 month

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PLAB - Photronics

Ticker: PLAB

Company: Photronics

Gain: +4.89%

Confirmed: 11/06/24

Succeeded: 12/10/24

Total length: 57 days

PLAB's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for PLAB turned positive on December 09, 2024. Looking at past instances where PLAB's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 11, 2024. You may want to consider a long position or call options on PLAB as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

PLAB moved above its 50-day moving average on December 06, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLAB advanced for three days, in of 299 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 208 cases where PLAB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PLAB moved out of overbought territory on December 12, 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 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where PLAB's Stochastic Oscillator exited the overbought zone, the price fell further within 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 PLAB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PLAB broke above its upper Bollinger Band on December 11, 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.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 68, placing this stock better than average.

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 (1.782) is normal, around the industry mean (11.040). P/E Ratio (12.959) is within average values for comparable stocks, (58.382). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.157). PLAB has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (1.986) is also within normal values, averaging (47.677).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PLAB’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 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 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.