Trend Trader: Popular Stocks (TA&FA) AI trading robot has been generating significant returns in the past week, according to Tickeron's robot factory data. Specifically, it generated a return of 4.50% for BLNK, a stock in the electric vehicle industry. However, recent technical indicators suggest that the stock may be shifting into a new downward trend.
BLNK saw its Momentum Indicator move below the 0 level on May 12, 2023. This is a bearish signal, indicating that the stock may be losing momentum and shifting into a downward trend. As such, traders may want to consider selling the stock or exploring put options.
Tickeron's A.I.dvisor analyzed 79 similar instances where the Momentum Indicator turned negative, and found that in 71 of those cases, the stock continued to move further down in the following days. This implies that the odds of a decline for BLNK are high, at around 90%.
In addition to technical indicators, earnings data is another crucial factor to consider when evaluating a stock's performance. BLNK's last earnings report on May 09, 2023, showed earnings per share of -49 cents, which missed the estimate of -43 cents. This is not a positive sign for the company, as it indicates that it is currently generating losses.
With 1.08 million shares outstanding, the current market capitalization for BLNK sits at 426.36 million dollars. While this may seem like a large number, it is important to note that the company is currently experiencing losses. As such, investors may want to carefully evaluate whether the potential risks associated with investing in BLNK are worth the potential rewards.
In summary, while the Trend Trader: Popular Stocks (TA&FA) AI trading robot has been generating impressive returns for BLNK in the past week, recent technical indicators and earnings data suggest that the stock may be entering a new downward trend.
BLNK moved below its 50-day moving average on May 24, 2023 date and that indicates a change from an upward trend to a downward trend. In of 41 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 30, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BLNK as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLNK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BLNK's RSI Indicator exited the oversold zone, of 45 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for BLNK just turned positive on May 01, 2023. Looking at past instances where BLNK's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLNK advanced for three days, in of 242 cases, the price rose further within the following month. The odds of a continued upward trend are .
BLNK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 190 cases where BLNK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.265) is normal, around the industry mean (2.798). P/E Ratio (0.000) is within average values for comparable stocks, (31.584). BLNK's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.626). BLNK has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (4.764) is also within normal values, averaging (1.517).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BLNK’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BLNK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock worse than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of electric car charging stations
A.I.dvisor indicates that over the last year, BLNK has been loosely correlated with AMRC. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if BLNK jumps, then AMRC could also see price increases.
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