AI Trader Robot Rocks: $FUBO Sees +5.47% Weekly Growth!
These bots, now accessible through platforms like "Swing Trader: Deep Trend Analysis v.2 (TA)," are revolutionizing the way investors approach the stock market. In this article, we'll delve into the performance of AI trading robots, specifically examining their recent success trading FUBO, and explore the broader implications for investors.
AI Trading Robots Deliver Impressive Gains
Recent data from "Swing Trader: Deep Trend Analysis v.2 (TA)" reveals a noteworthy achievement: these AI trading robots generated a remarkable 5.47% gain while trading FUBO over the course of the previous week. This stellar performance begs the question: How do these robots consistently outperform the market?
FUBO's RSI Indicator Signals a Potential Shift
A critical aspect of AI trading robots' success lies in their ability to analyze technical indicators. For instance, the 10-day Relative Strength Index (RSI) for FUBO exhibited a significant development on September 6, 2023, as it moved out of the overbought zone. This shift can be interpreted as a sign that the stock may be transitioning from an upward trend to a downward one.
Traders closely watching the RSI may consider selling the stock or exploring put options. Interestingly, Tickeron's A.I.dvisor studied 31 instances where the RSI moved out of the overbought zone, and in 28 of these cases, the stock subsequently moved lower in the following days. This compelling statistic suggests a 90% likelihood of a downward move, making it a valuable insight for traders.
Earnings Report and Market Capitalization
Beyond technical indicators, AI trading robots are adept at digesting fundamental data. The last earnings report for FUBO on August 4 revealed earnings per share of -17 cents, surpassing the estimated -28 cents. This positive earnings surprise reflects FUBO's resilience and ability to outperform market expectations.
With 3.20 million shares outstanding, FUBO's current market capitalization stands at 693.43 million. This data point provides context within the broader Broadcasting Industry.
Market Cap Comparisons
Comparing FUBO's market capitalization with its industry peers is crucial for investors. The Broadcasting Industry, on average, boasts a market capitalization of 1.46 billion. Within this sector, market cap values range from a mere 1.02 thousand to a substantial 18.73 billion. Notably, CBS.A leads the group with the highest valuation at 18.73 billion, while MNIZ is the industry's smallest player at 1.02 thousand.
Price and Volume Performance
Analyzing price and volume trends is integral to understanding a stock's performance. Across all stocks in the Broadcasting Industry, the average weekly price growth registered at 0%, indicating a relatively stable trend. However, the average monthly price growth exhibited a decline of 7%, while the average quarterly price growth plummeted by 16%.
Remarkably, MNIZ stood out with the highest price growth at an impressive 98%. On the flip side, AITVF experienced the most significant decline with a staggering -74% in price.
As for volume, the average weekly volume growth across the Broadcasting Industry was a robust 62%. The monthly average volume growth closely mirrored this at 60%, while the quarterly volume growth came in at 26%. These figures suggest a healthy level of trading activity within the industry.
In summary, the performance of AI trading robots, as demonstrated by "Swing Trader: Deep Trend Analysis v.2 (TA)," offers a compelling glimpse into the future of investment strategies. Their ability to interpret technical indicators, earnings reports, and market data provides investors with valuable insights. As demonstrated by the case of FUBO, AI trading robots can generate impressive gains while navigating the complexities of the stock market.
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.
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Fundamental Analysis Ratings
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General Information
Industry Broadcasting