AI Trading Robot Generates 21.27% Gains for WKHS, Volume Surges 186%
As a financial analytics and trader, I am excited to report that a recent AI trading robot produced gains of 21.27% for Workhorse Group (WKHS) stock. This is a significant achievement in the world of trading and is a testament to the power of AI in making sound investment decisions.
The AI trading robot uses sophisticated algorithms and machine learning to analyze vast amounts of data and identify trends and patterns that are not easily detectable by humans. This allows it to make more informed and accurate trading decisions, leading to higher profits and better returns.
In the case of WKHS, the trading robot was able to identify a surge in trading volume for two consecutive days, resulting in a record-breaking daily growth of 186% of the 65-Day Volume Moving Average. This was a clear indication that the market was bullish on the stock, and the trading robot acted accordingly.
The robot's decision to buy WKHS at the right time and sell at the optimal moment resulted in a gain of 21.27%, which is a remarkable achievement. This demonstrates the effectiveness of AI in predicting market trends and making profitable trades.
AI trading robots are becoming increasingly popular in the financial industry and for a good reason. They can analyze vast amounts of data, identify trends, and make sound trading decisions, leading to higher profits and better returns. As such, investors are advised to consider incorporating AI trading robots into their investment strategies to take advantage of the benefits they offer.
The recent gains of 21.27% for WKHS produced by an AI trading robot demonstrate the effectiveness of AI in making sound investment decisions. As more investors embrace AI trading robots, we can expect to see more impressive results in the future.
Momentum Indicator for WKHS turns negative, indicating new downward trend
WKHS saw its Momentum Indicator move below the 0 level on September 01, 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 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for WKHS crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 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 September 20, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 (1.021) is normal, around the industry mean (6.824). P/E Ratio (3.200) is within average values for comparable stocks, (20.822). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.686). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (8.170) is also within normal values, averaging (52.364).
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 85, 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
WKHS and
Correlation & Price change
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To WKHS | 1D Price Change % | ||
|---|---|---|---|---|
| WKHS | 100% | -7.83% | ||
| RIVN - WKHS | 51% Loosely correlated | -3.91% | ||
| GOEV - WKHS | 47% Loosely correlated | -2.16% | ||
| LCID - WKHS | 46% Loosely correlated | -5.14% | ||
| NIO - WKHS | 44% Loosely correlated | -4.20% | ||
| GM - WKHS | 44% Loosely correlated | -1.48% | ||
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