Is NASDAQ:TCOM a Fit for high Growth Investing Strategies?

We've identified TRIP.COM GROUP LTD-ADR (NASDAQ:TCOM) as a potential breakout candidate based on our stock screener's analysis. This breakout setup pattern suggests that after a strong uptrend, the stock is currently consolidating, potentially signaling a continuation of the trend. Keep an eye on NASDAQ:TCOM for further developments.

Technical Analysis Observations

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall TCOM gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TCOM has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
• Looking at the yearly performance, TCOM did better than 90% of all other stocks.
• TCOM is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. TCOM outperforms 84% of them.
• TCOM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TCOM is lagging the market slightly.
• In the last month TCOM has a been trading in the 62.37 - 74.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of TCOM contains the most current technical analsysis.

How does the Setup look for NASDAQ:TCOM

Alongside the Technical Rating, ChartMill assigns a Setup Rating to evaluate the consolidation level of a stock. This rating, ranging from 0 to 10, is updated daily and considers various short-term technical indicators. The current setup rating for NASDAQ:TCOM is 8:

TCOM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 72.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.33, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Some of the high growth metrics of NASDAQ:TCOM highlighted

• TRIP.COM GROUP LTD-ADR has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 20.52% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• TRIP.COM GROUP LTD-ADR has demonstrated strong 1-year revenue growth of 122.0%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The recent financial report of TRIP.COM GROUP LTD-ADR demonstrates a 20.52% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• TRIP.COM GROUP LTD-ADR has shown positive growth in its operating margin over the past year, indicating improved operational efficiency. This growth highlights the company's ability to effectively manage costs and maximize profitability.
• TRIP.COM GROUP LTD-ADR has experienced notable growth in its free cash flow (FCF) over the past year, signaling improved cash generation and strong financial performance. This growth suggests the company's ability to generate excess cash for reinvestment or shareholder returns.
• In terms of Return on Equity(ROE), TRIP.COM GROUP LTD-ADR is performing well, achieving a 10.77% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• With a current Debt-to-Equity ratio at 0.15, TRIP.COM GROUP LTD-ADR showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• TRIP.COM GROUP LTD-ADR demonstrates a balanced ownership structure, with institutional shareholders at 33.19%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.
• With a track record of beating EPS estimates in the last 4 quarters, TRIP.COM GROUP LTD-ADR showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.
• The Relative Strength (RS) of TRIP.COM GROUP LTD-ADR has consistently been strong, with a current 90.93 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. TRIP.COM GROUP LTD-ADR demonstrates promising potential for sustained price momentum.

Our High Growth Momentum Breakout screen will find you more ideas suited for high growth momentum breakouts.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.