Short-term Indicators:
+ Below all three (20-day, 50-day, and 200-day) moving averages. Academically proven short-term returns are going to weak moving forward.
+ Definitely oversold, but trend is just too weak to make up for that. Nevertheless, we don't think they will collapse at the same rate as before (-40% in 4 weeks).
+ Extremely high volatility amplifies the signal of our quantitative model, as technical analysis tends to be more predictive in chaotic stocks.
+ Likely price scenario of $37 to $42, with price target of $39.50 before earnings release next month.
Long-term Indicators:
+ Extremely expensive from sales basis
+ Weak price momentum
+ High short interest
+ Below all three (20-day, 50-day, and 200-day) moving averages. Academically proven short-term returns are going to weak moving forward.
+ Definitely oversold, but trend is just too weak to make up for that. Nevertheless, we don't think they will collapse at the same rate as before (-40% in 4 weeks).
+ Extremely high volatility amplifies the signal of our quantitative model, as technical analysis tends to be more predictive in chaotic stocks.
+ Likely price scenario of $37 to $42, with price target of $39.50 before earnings release next month.
Long-term Indicators:
+ Extremely expensive from sales basis
+ Weak price momentum
+ High short interest
