AI Bot Generates 29.24% for WKHS with Trend Trading and Analysis
Artificial Intelligence (AI) bots have become increasingly popular in the world of finance, thanks to their ability to analyze data at a much faster pace than humans. One such AI bot, known as Trend Trader, has recently made headlines for generating a return of 29.24% on WKHS, an electric vehicle manufacturer. This impressive feat was achieved through the use of both Technical Analysis (TA) and Fundamental Analysis (FA).
Trend Trader uses a combination of TA and FA to identify trading opportunities in the market. TA involves analyzing past market data, such as price and volume, to identify trends and make predictions about future market movements. FA, on the other hand, involves analyzing a company's financial and economic data, such as earnings reports and economic indicators, to determine its intrinsic value.
In the case of WKHS, Trend Trader identified a bullish trend based on both TA and FA. The company's financial data showed strong growth potential, while the technical indicators pointed to a bullish trend. As a result, Trend Trader recommended buying WKHS stock, which ultimately resulted in a return of 29.24%.
Another positive development for WKHS is the recovery of its Relative Strength Index (RSI) Oscillator from oversold territory. The RSI is a technical indicator that measures the strength of a stock's price action. When the RSI falls below 30, the stock is considered oversold, which often indicates that it is undervalued and due for a rebound.
In the case of WKHS, the RSI fell below 30 in early April, indicating that the stock was oversold. However, since then, the RSI has rebounded, indicating that the stock has regained strength and is likely to continue its upward trend.
WKHS sees its Stochastic Oscillator ascends from oversold territory
On June 05, 2023, the Stochastic Oscillator for WKHS moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 62 instances where the indicator left the oversold zone. In of the 62 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WKHS's RSI Oscillator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that 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 WKHS advanced for three days, in of 254 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 75 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 WKHS 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 Aroon Indicator for WKHS entered a downward trend on June 07, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
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 (1.589) is normal, around the industry mean (9.772). P/E Ratio (3.200) is within average values for comparable stocks, (96.437). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.922). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (21.645) is also within normal values, averaging (74.835).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WKHS’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 89, placing this stock worse than average.
Notable companies
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
a manufactures of high performance, medium duty trucks
Industry MotorVehicles
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| JAMVX | 16.56 | 0.18 | +1.10% |
| Janus Henderson VIT Mid Cap Value Instl | |||
| MNMRX | 13.51 | N/A | N/A |
| Manning & Napier Pro-Blend Mod Term R | |||
| BSUIX | 9.30 | N/A | N/A |
| BlackRock Sustainable Intntl Eq Ins | |||
| IBALX | 30.35 | -0.13 | -0.43% |
| Transamerica Multi-Mgd Balanced A | |||
| AFEGX | 43.07 | -0.25 | -0.58% |
| American Century Sustainable Equity G | |||
WKHS and
Correlation & Price change
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIDE. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIDE could also see price increases.
| Ticker / NAME | Correlation To WKHS | 1D Price Change % | ||
|---|---|---|---|---|
| WKHS | 100% | +1.44% | ||
| RIDE - WKHS | 64% Loosely correlated | +5.81% | ||
| RIVN - WKHS | 55% Loosely correlated | -4.69% | ||
| LCID - WKHS | 50% Loosely correlated | -7.25% | ||
| GP - WKHS | 47% Loosely correlated | -4.67% | ||
| GM - WKHS | 46% Loosely correlated | +2.78% | ||
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