An AI trading robot generated a 3.78% profit for HUT in the previous week.
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)
Momentum Indicator for HUT turns negative, indicating new downward trend
HUT 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 76 similar instances where the indicator turned negative. In of the 76 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 HUT crossed bearishly below the 50-day moving average on August 15, 2023. 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 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 .
The Aroon Indicator for HUT 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 entered the oversold zone -- be on the watch for HUT's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
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.
The Moving Average Convergence Divergence (MACD) for HUT just turned positive on September 14, 2023. Looking at past instances where HUT's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where HUT advanced for three days, in of 244 cases, the price rose further within the following month. The odds of a continued upward trend are .
HUT 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 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 fairly steady price growth. HUT’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 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 (1.269) is normal, around the industry mean (4.731). P/E Ratio (12.837) is within average values for comparable stocks, (36.059). HUT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.377). HUT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (6.333) is also within normal values, averaging (129.977).
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. HUT’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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HUT and
Correlation & Price change
A.I.dvisor indicates that over the last year, HUT has been closely correlated with MARA. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if HUT jumps, then MARA could also see price increases.
| Ticker / NAME | Correlation To HUT | 1D Price Change % | ||
|---|---|---|---|---|
| HUT | 100% | -0.50% | ||
| MARA - HUT | 84% Closely correlated | -1.40% | ||
| HIVE - HUT | 84% Closely correlated | -1.63% | ||
| RIOT - HUT | 81% Closely correlated | -4.39% | ||
| BITF - HUT | 80% Closely correlated | -2.68% | ||
| BTBT - HUT | 73% Closely correlated | -9.43% | ||
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