An AI trading robot generated a 20.51% profit for EVGO in the previous month.
This AI trading robot, accessible at Swing trader: Deep Trend Analysis v.2 (TA), was one of the best in our robot factory, generating 20.51% for EVGO over the course of the previous month.
An AI trading robot generated a 20.51% profit for EVGO in the previous month. This remarkable feat was achieved by utilizing advanced trading strategies and analyzing data in real-time. One such strategy employed by the robot is the Aroon Indicator, which was used to make a prediction for the future direction of the EVGO stock.
The Aroon Indicator for EVGO entered a downward trend on March 27, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
To validate this prediction, A.I.dvisor looked at 140 similar instances where the Aroon Indicator formed such a pattern. In 124 of the 140 cases, the stock moved lower. This puts the odds of a downward move at 89%. These statistics provide strong evidence that the Aroon Indicator can be an effective tool for predicting the direction of a stock.
The Aroon Indicator is a technical analysis tool used to measure the strength of a trend and potential reversal points. It consists of two lines, the AroonUp line and the AroonDown line. The AroonUp line measures the strength of the uptrend while the AroonDown line measures the strength of the downtrend. When the AroonUp line is above the AroonDown line, it indicates that the stock is in an uptrend. Conversely, when the AroonDown line is above the AroonUp line, it indicates that the stock is in a downtrend.
In the case of EVGO, the AroonDown line was above 70 while the AroonUp line was below 30 for three straight days, indicating a strong downward trend. The AI trading robot utilized this information to execute a sell order or purchase put options. This strategy proved successful, resulting in a 20.51% profit for EVGO in the previous month.
The Aroon Indicator can be a powerful tool for traders when used in conjunction with other technical analysis tools and data analysis methods. The AI trading robot's ability to analyze data in real-time and make predictions based on historical patterns has proven to be effective in generating profits for EVGO. As the use of AI trading robots becomes more prevalent in the financial industry, we can expect to see more innovative trading strategies and profitable outcomes.
EVGO sees its Stochastic Oscillator ascending out of oversold territory
On June 02, 2023, the Stochastic Oscillator for EVGO 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 28 instances where the indicator left the oversold zone. In of the 28 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where EVGO's RSI Oscillator exited the oversold zone, of 19 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 June 05, 2023. You may want to consider a long position or call options on EVGO as a result. In of 40 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 EVGO just turned positive on June 06, 2023. Looking at past instances where EVGO's MACD turned positive, the stock continued to rise in of 19 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 EVGO advanced for three days, in of 119 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
EVGO moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EVGO 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 EVGO entered a downward trend on June 06, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EVGO’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (13.260). P/E Ratio (0.000) is within average values for comparable stocks, (24.930). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.485). EVGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (4.013) is also within normal values, averaging (69.752).
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. EVGO’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 77, placing this stock worse than average.
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Industry description
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Fundamental Analysis Ratings
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General Information
Industry SpecialtyStores
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| MFs / NAME | Price $ | Chg $ | Chg % |
| FTHFX | 35.39 | N/A | N/A |
| Fuller & Thaler Behavioral Sm-Cp Eq R6 | |||
| HRSIX | 51.90 | N/A | N/A |
| Hood River Small-Cap Growth Retirement | |||
| SSMEX | 9.51 | N/A | N/A |
| Steward Values Enhanced SmMidCapIndex C | |||
| JIJIX | 9.93 | N/A | N/A |
| JHancock International Dynamic Gr I | |||
| RISEX | 9.80 | N/A | N/A |
| Domini International Opportunities Inv | |||
EVGO and
Correlation & Price change
A.I.dvisor indicates that over the last year, EVGO has been loosely correlated with CHPT. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if EVGO jumps, then CHPT could also see price increases.
| Ticker / NAME | Correlation To EVGO | 1D Price Change % | ||
|---|---|---|---|---|
| EVGO | 100% | +5.30% | ||
| CHPT - EVGO | 62% Loosely correlated | +8.34% | ||
| HNST - EVGO | 51% Loosely correlated | +5.19% | ||
| FND - EVGO | 45% Loosely correlated | +2.06% | ||
| ACVA - EVGO | 44% Loosely correlated | +1.64% | ||
| KAR - EVGO | 44% Loosely correlated | +2.32% | ||
More | ||||
