Conviction: 3/5
Should probably wait for better entry around bottom support (4/5)
General Thesis
Growth
Value
Fundamentals & Balance Sheet
Potential Risks
Should probably wait for better entry around bottom support (4/5)
General Thesis
- Weekly RSI good entry level
- Daily RSI bounced off oversold, could still become bullish divergence with a lower low
- bounced off near-term (2017) support trend line since inception
Growth
- Gross margins (45%) is pretty steady the last few years, at all time highs
- Revenue growth (50%) around historical average, down from 2020 pandemic highs
Value
- P/S below average, looks like about historical median
- P/FCF is very high (156), but about around mid-range of history
Fundamentals & Balance Sheet
- quick ratio very attractive
Potential Risks
- history is quite short, unclear how it will behave during recession
- Daily RSI could spike down to oversold area some more
- Historically no bullish divergence on weekly RSI before bounce
Note
Struggling along the support... looks more promising though!Note
RSI-D showed bullish divergence
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.