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published in Blogs
May 13, 2023

AI Trading Robot Generates 38.09% Gains for CENN, Pushes Stock into Uptrend

In today's fast-paced financial world, the use of AI-powered trading robots is becoming increasingly popular. These trading robots are programmed to analyze vast amounts of data and execute trades automatically, based on pre-determined parameters.

Recently, a trading robot produced gains of 38.09% for Cenntro Electric Group (CENN) - a remarkable achievement in a short span of time. This is a testament to the power of AI and its ability to analyze data and make informed decisions.

The uptrend in CENN is also worth noting, as the momentum indicator has ascended above the company's current share price of $0.4. This indicates that the stock is likely to continue its upward trajectory, making it an attractive opportunity for investors.

As financial analytics and trader, it is important to note that while AI trading robots can be effective, they are not infallible. It is important to conduct thorough research and analysis before making any investment decisions and to always have a solid understanding of the underlying fundamentals of the company.

AI trading robot in producing gains for CENN highlights the potential of this technology in the financial world. With the right approach and a strong understanding of the markets, AI-powered trading robots can be a valuable tool for investors seeking to maximize their returns.

Related Ticker: CENN

CENN saw its Stochastic Oscillator peaks and leaves the overbought zone

The Stochastic Oscillator for CENN moved out of overbought territory on September 22, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 25 similar instances where the indicator exited the overbought zone. In of the 25 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENN 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 CENN 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where CENN's RSI Oscillator exited the oversold zone, of 42 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 September 19, 2023. You may want to consider a long position or call options on CENN as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for CENN just turned positive on September 13, 2023. Looking at past instances where CENN's MACD turned positive, the stock continued to rise in of 36 cases 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 CENN advanced for three days, in of 166 cases, the price rose further within the following month. The odds of a continued upward trend are .

CENN 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)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.539) is normal, around the industry mean (6.761). P/E Ratio (0.000) is within average values for comparable stocks, (20.658). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.669). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.817) is also within normal values, averaging (52.129).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’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. CENN’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 86, placing this stock worse than average.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 34.29B. The market cap for tickers in the group ranges from 2.49M to 811.59B. TSLA holds the highest valuation in this group at 811.59B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -4%. For the same Industry, the average monthly price growth was -4%, and the average quarterly price growth was 122%. YADGF experienced the highest price growth at 30%, while AYRO experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 28%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 68
Price Growth Rating: 58
SMR Rating: 66
Profit Risk Rating: 85
Seasonality Score: -32 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of intimate apparel and swimwear

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
501 Okerson Road
Phone
+1 732 820-6757
Employees
279
Web
https://www.cenntroauto.com
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CENN and

Correlation & Price change

A.I.dvisor indicates that over the last year, CENN has been loosely correlated with LCID. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if CENN jumps, then LCID could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CENN
1D Price
Change %
CENN100%
-4.08%
LCID - CENN
40%
Loosely correlated
-1.16%
WKHS - CENN
39%
Loosely correlated
-9.06%
RIVN - CENN
38%
Loosely correlated
-4.37%
TSLA - CENN
36%
Loosely correlated
-4.23%
FSR - CENN
35%
Loosely correlated
-5.85%
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