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 saw its Momentum Indicator move below the 0 level on September 21, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 91 similar instances where the indicator turned negative. In of the 91 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for FUBO moved out of overbought territory on September 06, 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for FUBO turned negative on September 21, 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 .
FUBO moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FUBO crossed bearishly below the 50-day moving average on September 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 September 07, 2023. 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 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.
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 209 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 132 cases where FUBO 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 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 (1.604) is normal, around the industry mean (2.848). P/E Ratio (0.000) is within average values for comparable stocks, (34.280). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.046). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (0.442) is also within normal values, averaging (0.595).
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 93, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
A.I.dvisor indicates that over the last year, FUBO has been loosely correlated with IHRT. These tickers have moved in lockstep 47% 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.