This AI trading robot, accessible at Day Trader, Popular Stocks: Short Bias Strategy (TA&FA), was one of the best in our robot factory, generating a 3.78% gain in just 2 trades while trading HUT over the course of the previous week.
This impressive gain is due to the RSI Indicator for HUT moving out of oversold territory on March 13, 2023, indicating that the stock is shifting from a downward trend to an upward trend. This presents a potential buying opportunity for traders who may want to consider buying the stock or call options.
To support this buying opportunity, the A.I.dvisor looked at 42 similar instances where the RSI Indicator left oversold territory, and found that in 38 of the 42 cases, the stock moved higher. This puts the odds of a move higher at 90%, suggesting that there is a strong likelihood that HUT will continue to trend upwards.
It's important to note, however, that there are always risks involved with trading, and traders should have a solid risk management strategy in place. It's also important to keep an eye on the market and the stock's price movements, as there may be changes in the trend that could impact the potential gains. Nevertheless, with the support of the A.I.dvisor's analysis, traders may find the potential for profit in HUT to be worth exploring.
Day Trader, Popular Stocks: Short Bias Strategy (TA&FA)
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where HUT advanced for three days, in of 258 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where HUT's Stochastic Oscillator exited the oversold zone 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 April 22, 2024. You may want to consider a long position or call options on HUT as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
HUT moved above its 50-day moving average on April 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day RSI Indicator for HUT moved out of overbought territory on April 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 similar instances where the indicator moved out of overbought territory. In of the 39 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for HUT turned negative on April 08, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for HUT crossed bearishly below the 50-day moving average on April 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 HUT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HUT broke above its upper Bollinger Band on March 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 HUT entered a downward trend on March 21, 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 outstanding 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. HUT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.
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 (1.978) is normal, around the industry mean (5.433). P/E Ratio (12.837) is within average values for comparable stocks, (35.241). HUT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.610). HUT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (12.953) is also within normal values, averaging (105.216).
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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