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 in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 25, 2023
FUBO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where FUBO's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 07, 2023. You may want to consider a long position or call options on FUBO as a result. In of 98 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 May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FUBO crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 FUBO advanced for three days, in of 207 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for FUBO moved out of overbought territory on May 11, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 48 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 Moving Average Convergence Divergence Histogram (MACD) for FUBO turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 56 similar instances when the indicator turned negative. In of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FUBO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 (1.196) is normal, around the industry mean (2.952). P/E Ratio (0.000) is within average values for comparable stocks, (34.521). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.589). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.049). P/S Ratio (0.336) is also within normal values, averaging (0.753).
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 91, 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
FUBO and
Correlation & Price change
A.I.dvisor indicates that over the last year, FUBO has been loosely correlated with IHRT. These tickers have moved in lockstep 50% of the time. This A.I.-generated data suggests there is some statistical probability that if FUBO jumps, then IHRT could also see price increases.
| Ticker / NAME | Correlation To FUBO | 1D Price Change % | ||
|---|---|---|---|---|
| FUBO | 100% | -3.26% | ||
| IHRT - FUBO | 50% Loosely correlated | -5.85% | ||
| SSP - FUBO | 47% Loosely correlated | -2.21% | ||
| LSXMK - FUBO | 44% Loosely correlated | -0.47% | ||
| LSXMA - FUBO | 43% Loosely correlated | -0.64% | ||
| GTN - FUBO | 38% Loosely correlated | -4.51% | ||
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