Go to the list of all blogs
Serhii Bond's Avatar
published in Blogs
May 19, 2023

Bot Trading Boosts NKLA with 6.3% Gains; Further Growth Expected

After implementing bot trading strategies, NKLA, the electric vehicle manufacturer, has experienced a notable gain of 6.3% in its stock price. This positive outcome highlights the potential benefits of utilizing automated trading systems in the financial markets.

Furthermore, NKLA has recently witnessed a 3-day advance, resulting in an impressive increase of 7.79% in its stock price. Based on historical data analysis, when NKLA has previously shown a similar three-day upward trend, in 132 out of 175 instances, the price continued to rise further within the following month. This statistical insight suggests that there is a 75% probability of a continued upward trend for NKLA in the near future.

The application of bot trading has become increasingly prevalent in the financial industry due to its ability to execute trades with speed and efficiency. These automated systems utilize sophisticated algorithms to identify patterns and trends in the market, enabling them to make informed trading decisions.

The recent success of bot trading for NKLA showcases the potential for generating consistent gains in the stock market. By leveraging advanced analytics and machine learning techniques, bot trading can identify opportunities and execute trades based on predefined parameters, eliminating human emotions and biases from the decision-making process.

Investors and traders who employ bot trading strategies can benefit from increased accuracy and efficiency in their trading activities. These automated systems can analyze vast amounts of financial data in real time, enabling them to react quickly to market changes and capture profitable opportunities that may otherwise go unnoticed.

However, it is essential to note that while historical data provides valuable insights, past performance is not a guarantee of future results. Market conditions can change rapidly, and various factors can influence stock prices. Therefore, it is crucial for investors to conduct thorough research, consider multiple factors, and exercise caution when making investment decisions based on statistical probabilities alone.

Related Ticker: NKLA

NKLA in -6.45% downward trend, sliding for three consecutive days on March 04, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NKLA declined for three days, in of 285 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on March 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NKLA as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

NKLA moved below its 50-day moving average on February 29, 2024 date and that indicates a change from an upward trend to a downward trend.

NKLA broke above its upper Bollinger Band on February 23, 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.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where NKLA'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKLA advanced for three days, in of 207 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 191 cases where NKLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. NKLA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

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 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: P/B Ratio (1.293) is normal, around the industry mean (1.924). P/E Ratio (0.000) is within average values for comparable stocks, (23.390). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.824). NKLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (15.552) is also within normal values, averaging (107.216).

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 Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NKLA’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 65, placing this stock worse than average.

Notable companies

The most notable companies in this group are Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE).

Industry description

The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.

Market Cap

The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 10.13B. The market cap for tickers in the group ranges from 223.29K to 169.11B. CAT holds the highest valuation in this group at 169.11B. The lowest valued company is OSRS at 223.29K.

High and low price notable news

The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 1%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 6%. XOS experienced the highest price growth at 70%, while UGRO experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 24%. For the same stocks of the Industry, the average monthly volume growth was 33% and the average quarterly volume growth was 155%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 66
Price Growth Rating: 52
SMR Rating: 59
Profit Risk Rating: 65
Seasonality Score: -2 (-100 ... +100)
View a ticker or compare two or three
NKLADaily Signal changed days agoGain/Loss if shorted
 
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which engages in the provision of zero-emissions transportation and infrastructure solutions

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
4141 East Broadway Road
Phone
+1 480 581-8888
Employees
870
Web
https://www.nikolamotor.com
Interesting Tickers
1D
1W
1M
1Q
6M
1Y
5Y
1 Day
MFs / NAMEPrice $Chg $Chg %
FMCDX40.470.20
+0.50%
Fidelity Advisor Stock Selec Mid Cp A
TRNZX19.630.01
+0.05%
T. Rowe Price International Stock Z
DEMGX11.07-0.01
-0.09%
DFA Emerging Markets Trgt Val Instl
GPMCX14.01-0.02
-0.14%
Grandeur Peak Global Micro Cap Instl
IVFLX3.61-0.01
-0.28%
Federated Hermes Intl Strat Val Div R6

NKLA and

Correlation & Price change

A.I.dvisor indicates that over the last year, NKLA has been loosely correlated with ACA. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if NKLA jumps, then ACA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NKLA
1D Price
Change %
NKLA100%
-4.88%
ACA - NKLA
34%
Loosely correlated
+1.68%
CAT - NKLA
26%
Poorly correlated
+0.58%
TEX - NKLA
25%
Poorly correlated
+0.81%
LEV - NKLA
24%
Poorly correlated
-6.21%
OSK - NKLA
23%
Poorly correlated
+0.19%
More
Ad is loading...
The Thermals group has shown remarkable resilience and growth, with a remarkable performance increase of +4.57% over the last month. Comprising tickers such as DAN, INTT, BRKR, WAT, and PNR, this group is at the forefront of thermal analysis and related technologies. In this article, we delve into the performance of these stocks, explore their market capitalization, price trends, and highlight specific insights for three key tickers: DAN, INTT, and PNR.
This week, the market has shown a promising turnaround and is likely to continue its growth. Industrial Machinery stocks have performed well, with some seeing gains of 3-5% over the past week. You can check out signals for these companies' stocks in our robot: Swing-Trader-1-5K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
The pharmaceuticals generic industry is a significant player in the global drug market. Generic drugs, which contain the same chemical substance as their patented counterparts, are sold at more affordable prices once the patents for the original drugs expire. This affordability has led to the vast popularity of generic drugs.
#artificial_intelligence
One notable example is the "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" bot, which has demonstrated its prowess as more than just a trading tool – it's a bot factory generating remarkable gains. Over the previous week, this AI trading bot managed to achieve a remarkable +8.37% gain by actively trading NVDA, a clear testament to the potential of combining technical and fundamental analysis with automated trading strategies.
The Tobacco industry has demonstrated a remarkable upswing in its performance over the past week, with a significant increase of +4.31%. This positive momentum is reflected across a group of prominent tickers within the industry, including XXII, GNLN, RLX, KAVL, and HPCO.
Dive into the fascinating world of nuclear energy as we uncover the remarkable gains achieved by top performers in the industry. Stocks like $HII, $BWXT, $PESI, $LTBR, and $WVE have surged by an impressive +14.14%. Discover the driving forces behind these remarkable market movements and the potential opportunities they unveil. Don't miss out on the insights that could reshape your investment strategy!
#latest#popular#artificial_intelligence#trading#technical_analysis#asset_allocation
Thermo Fisher Scientific ($TMO) emerges as a beacon of hope for investors, registering a remarkable 5.38% jump this week. Dive in to discover what's fueling TMO's impressive ascent in the Medical Specialties sector. 🚀📈
#latest#popular#artificial_intelligence#trading#neutral_bluish
Automation has seamlessly integrated into various facets of our daily lives. From simplifying money transfers to revolutionizing industrial operations and enhancing security services, the scope of automation is vast and ever-expanding.
#artificial_intelligence
One prominent player in this arena is the "Swing trader: Long-Short Equity Strategy (TA&FA)" bot, which recently demonstrated its prowess by achieving an impressive +5.12% gain while trading MRNA over the past week. This article delves into the latest earnings report, market trends, and the role of AI-driven trading in navigating these waters.
The Other Transportation industry has witnessed a remarkable surge of +11.1% in its performance over the past week, catching the attention of investors and analysts alike. This article delves into the exciting developments within this industry, with a specific focus on two key tickers: ASLE and UP.
This week, the market is showing significant growth, especially in the semiconductor sector, where company stocks are rising by 5-7%. Our robots have actively participated in this and achieved some good results. If you want to receive instant signals for successful trades, subscribe to one of our robots at the following link:Swing-Trader-1-5K-per-position-Medium-Volatility-Stocks-for-Active-Trading-TA-FA Let's earn together on the market's upward trend!
These AI trading robots, accessible at "Swing trader: Downtrend Protection (TA)," have proven their mettle by delivering a remarkable +4.72% gain while trading TSLA over the course of the previous week. In this article, we delve into the recent performance of TSLA, analyzing its earnings results, market capitalization, price trends, and trading volume to provide valuable insights for investors.
Discover how the shale oil sector is making waves, with impressive gains of +5.24%. Dive into the market movements of key players like $XOM, $BHP, $EOG, $PXD, and $HES, as we uncover the dynamics driving this surge in the energy industry. Explore the latest trends, price shifts, and indicators that could shape the future of shale oil investments.
In a week dominated by bullish sentiment, Alphabet (GOOG) emerges triumphant, registering an impressive +5.28% rise. Dive into the factors propelling this tech titan's stock performance and what it might signal for the future." 🌐💹🚀
#popular#latest#artificial_intelligence#neutral_bluish#trading#technical_analysis#asset_allocation
The Homebuilding industry has experienced a significant increase of +8.85% in its performance over the past week. This surge in performance has not only captured the attention of investors but has also sparked optimism for the future of the sector. In this article, we'll delve into the theme of the Homebuilding industry, examine the group of tickers within it, and highlight some notable developments.
In the ever-evolving world of trading, AI trading robots are becoming increasingly popular due to their ability to analyze vast amounts of data and make quick, data-driven decisions. One such AI trading robot, known as "Swing trader: Deep Trend Analysis v.2 (TA)," recently made headlines with an impressive +4.35% gain while trading FUBO over the course of the previous week. In this article, we'll delve into the technical analysis of FUBO's recent performance, earnings results, and broader market trends.
One such industry that has recently caught the attention of financial analysts is the Office Equipment/Supplies Industry. In the past week, this industry has displayed remarkable performance, with a notable increase of +5.46%. Let's delve into the theme and the group of tickers within it to better understand this surge.
Discover the Power of Tech Peripherals: Join us as we delve into the recent +7.48% gain by top tickers $HPQ, $SMCI, $ALOT, $INVE, $SSYS. Uncover market insights and potential opportunities in the computer peripherals sector. 📈💼 #TechPeripherals #StockMarket"
#trading#latest#popular#artificial_intelligence#neutral_bluish#asset_allocation
Lululemon Athletica's recent surge is making headlines, with a notable +11.00% uptick. Dive into the numbers, trends, and predictions surrounding LULU's performance, and discover where the stock might be headed next. 📈👕🚀
#latest#popular#artificial_intelligence#neutral_bluish#trading#asset_allocation
Join the ranks of smart traders who have already experienced the benefits of Tickeron's robust algorithm. Don't let market uncertainty hold you back any longer – take control of your financial future with a strategy that can withstand the test of time.