trivago N.V. – American Deposit (NASDAQ:TRVG) Oversold but Is That a Buy Indicator?

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trivago N.V. – American Deposit (NASDAQ:TRVG) is at oversold status with an RSI(14) at 17.16 .

The Relative Strength Index (RSI) is a recognized technical indicator used to assess the strength and weakness of momentum in stock price. RSI levels 70 and above are considered overbought with RSI’s under 30 indicating oversold. Oversold is a condition that occurs when price momentum is considered too low and the stock may be ready to turn upword.

The stock’s Average True Range (ATR) is 0.72. The ATR is a measure of volatility. It doesn’t indicate the likely direction of the stock price, just the likelihood that the stock will move.

It is currently trading at $10.79 quite a bit below the 50 day moving average which is $14.97 and impressively lower than the 200 day moving average of $16.85. The 50 day moving average went down by -27.94% and the 200 day average went down $-6.06 or -35.96%.

Short Interest

Traders are more bearish lately if you look at the change in short interest. The firm had a rise in short interest of 9.06% as of the latest report on August 31, 2017. Short shares increased from 8,116,686 to 8,852,355 over that timeframe. Days to cover increased 3.0 to 7.0 and the percentage of shorted shares was 0.03% on August 31.

Recent Analyst Ratings

On July 12, 2017 Wells Fargo started covering TRVG setting a rating of “Market Perform”.

Earnings Per Share

trivago N.V. – American Deposit’s P/E ratio is 40.72 and market capitalization is 3.78B. As of the latest earnings report the EPS was $0.26 and is projected to be $0.05 for the current year with 350,047,000 shares now outstanding. Next quarter’s EPS is forecasted to be $-0.03 with next year’s EPS anticipated to be $0.14.