An AI trading robot produced a 4.34% increase for WKHS last week
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.
Momentum Indicator for WKHS turns negative, indicating new downward trend
WKHS saw its Momentum Indicator move below the 0 level on February 25, 2025. 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 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for WKHS turned negative on February 28, 2025. 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 36 similar instances when the indicator turned negative. In of the 36 cases the stock turned lower in the days that followed. This puts the odds of success 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 .
The Aroon Indicator for WKHS entered a downward trend on March 18, 2025. 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 shows that the ticker has stayed in the oversold zone for 4 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 16 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.
WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 (6.202). P/E Ratio (3.200) is within average values for comparable stocks, (17.826). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.723). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (3.588) is also within normal values, averaging (77.712).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’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. 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 83, placing this stock worse than average.
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