AI Bot Generates 10.21% for FUBO, Stock Gains 60.3% in 5 Days
As finance analytics, I am pleased to report that the AI bot Trend Trader utilizing both technical analysis (TA) and fundamental analysis (FA) has generated impressive returns for FUBO, a leading sports streaming platform. Over a recent trading period, the bot generated a return of 10.21% for FUBO, demonstrating the effectiveness of combining TA and FA in investment decision-making.
Furthermore, FUBO has seen a significant increase in its stock price over the past five trading days, gaining an impressive 60.3%. This remarkable performance is supported by an average daily trading volume of 2 million shares, indicating that investors have shown significant interest in FUBO as a potential growth opportunity.
The application of TA and FA can help investors identify trends and insights that may not be visible through traditional analysis methods. Technical analysis provides insight into historical price trends and patterns, while fundamental analysis helps investors understand the underlying financial and economic factors affecting the company's performance.
Trend Trader's use of both technical and fundamental analysis helps investors make better-informed investment decisions by considering both quantitative and qualitative data. This can help investors identify high-potential growth opportunities such as FUBO, and ultimately generate significant returns on their investment.
The remarkable returns generated by the AI bot Trend Trader through the use of TA and FA demonstrate the power of combining multiple analysis methods in investment decision-making. With FUBO's recent impressive performance, it may be a valuable opportunity for investors seeking growth potential in the sports streaming industry.
FUBO's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FUBO turned positive on October 10, 2024. Looking at past instances where FUBO's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FUBO's RSI Indicator exited the oversold zone, of 39 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 28, 2024. You may want to consider a long position or call options on FUBO as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
FUBO moved above its 50-day moving average on October 28, 2024 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for FUBO moved above the 200-day moving average on October 24, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FUBO advanced for three days, in of 227 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 50 cases where FUBO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The 10-day moving average for FUBO crossed bearishly below the 50-day moving average on September 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 FUBO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FUBO broke above its upper Bollinger Band on October 28, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FUBO entered a downward trend on October 11, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FUBO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (1.751) is normal, around the industry mean (0.975). P/E Ratio (0.000) is within average values for comparable stocks, (17.001). FUBO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.346). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.045). P/S Ratio (0.279) is also within normal values, averaging (0.591).
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 Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. FUBO’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 96, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry Broadcasting