The AI trading robot, designed for Swing trader: Volatility Balanced Strategy (TA), stood out as one of the top performers in our robot factory. It successfully traded WKHS throughout the previous week and achieved an impressive 4.34% gain with only 5 trades.
As a technical analyst, I would like to follow up on the previous article regarding the AI trading robot designed for Swing traders and its successful trading of WKHS (Workhorse Group Inc.) during the previous week. However, as of April 18, 2023, the Aroon Indicator for WKHS has entered a downward trend, which may indicate a strong downward move is ahead for the stock.
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 pattern is significant as it suggests a bearish trend, and traders may want to consider selling the stock or buying put options.
A.I.dvisor also looked at 262 similar instances where the Aroon Indicator formed such a pattern, and in 242 of those cases, the stock moved lower. This gives the odds of a downward move at 90%, making it a high probability trade.
It is essential to note that technical indicators are not foolproof and should be used in conjunction with other analysis tools to make informed trading decisions. However, in this particular case, the Aroon Indicator has identified a potential opportunity for traders to profit from a downward move in WKHS.
While the AI trading robot designed for Swing traders and the Volatility Balanced Strategy (TA) may have had a successful week trading WKHS, it is crucial to remain vigilant and stay informed about any potential changes in market conditions. The Aroon Indicator's current reading suggests a bearish trend in WKHS, and traders may want to consider taking advantage of this opportunity to make profitable trades.
The Stochastic Oscillator for WKHS moved out of overbought territory on October 17, 2024. 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 51 similar instances where the indicator exited the overbought zone. In of the 51 cases the stock moved lower. This puts the odds of a downward move at .
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 .
WKHS broke above its upper Bollinger Band on September 24, 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 Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on WKHS as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
WKHS moved above its 50-day moving average on October 18, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 234 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 137 cases where WKHS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. WKHS’s price grows at a higher 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 (0.849) is normal, around the industry mean (6.019). P/E Ratio (3.200) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (3.588) is also within normal values, averaging (76.807).
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 86, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufactures of high performance, medium duty trucks
Industry MotorVehicles