Rush Street Interactive Stock Pattern Recognition Hikkake Pattern

RSI Stock  USD 14.21  0.30  2.07%   
Rush Street pattern recognition tool provides the execution environment for running the Hikkake Pattern recognition and other technical functions against Rush Street. Rush Street value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Hikkake Pattern recognition function is designed to identify and follow existing trends. Rush Street momentum indicators are usually used to generate trading rules based on assumptions that Rush Street trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was five with a total number of output elements of fifty-six. The function generated a total of one valid pattern recognition events for the selected time horizon. The Hikkake pattern is used for determining Rush Street market turning-points and continuations.

Rush Street Technical Analysis Modules

Most technical analysis of Rush Street help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Rush from various momentum indicators to cycle indicators. When you analyze Rush charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Rush Street Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Rush Street Interactive. We use our internally-developed statistical techniques to arrive at the intrinsic value of Rush Street Interactive based on widely used predictive technical indicators. In general, we focus on analyzing Rush Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Rush Street's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Rush Street's intrinsic value. In addition to deriving basic predictive indicators for Rush Street, we also check how macroeconomic factors affect Rush Street price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2023 2024 (projected)
Dividend Yield0.0049530.004402
Price To Sales Ratio0.450.42
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rush Street's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.2814.2117.14
Details
Intrinsic
Valuation
LowRealHigh
12.4115.3418.27
Details
9 Analysts
Consensus
LowTargetHigh
6.176.787.53
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.040.050.05
Details

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Rush Street Interactive pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Rush Street position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Rush Street will appreciate offsetting losses from the drop in the long position's value.

Rush Street Pair Trading

Rush Street Interactive Pair Trading Analysis

The ability to find closely correlated positions to Rush Street could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rush Street when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Rush Street - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Rush Street Interactive to buy it.
The correlation of Rush Street is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rush Street moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rush Street Interactive moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Rush Street can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Rush Street Interactive offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Rush Street's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rush Street Interactive Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rush Street Interactive Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rush Street Interactive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Rush Street. If investors know Rush will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Rush Street listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.02)
Revenue Per Share
11.124
Quarterly Revenue Growth
0.888
Return On Assets
0.016
Return On Equity
(0.03)
The market value of Rush Street Interactive is measured differently than its book value, which is the value of Rush that is recorded on the company's balance sheet. Investors also form their own opinion of Rush Street's value that differs from its market value or its book value, called intrinsic value, which is Rush Street's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Rush Street's market value can be influenced by many factors that don't directly affect Rush Street's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Rush Street's value and its price as these two are different measures arrived at by different means. Investors typically determine if Rush Street is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Rush Street's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.