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May 18, 2023

Bot Trading Generates 8.19% Gains for BLDP, Expected to Rise

In recent market activity, automated bot trading has proven to be a successful strategy for generating gains in the stock market. One such example is the case of Ballard Power Systems (BLDP), where bot trading has generated a notable gain of 8.19%. This achievement highlights the potential of algorithmic trading in delivering positive returns for investors.

Furthermore, the upward trend of BLDP indicates a promising outlook for the stock. The technical analysis reveals that the price of BLDP is expected to rise further as it breaks through its lower Bollinger Band. This indicator suggests that the stock has reached a lower price limit and may experience a price rebound in the near future.

When bot trading is combined with technical analysis, investors can benefit from the automation and precision offered by algorithms, as well as the insights provided by chart patterns and indicators. By leveraging these tools, investors can make informed decisions based on market trends and take advantage of potential opportunities for profit.

It is important to note that while bot trading and technical analysis can be powerful tools, they should not be the sole basis for investment decisions. Other factors, such as fundamental analysis and market conditions, should also be taken into consideration. Additionally, it's crucial for investors to conduct thorough research and consult with financial professionals before making any investment decisions.

Related Ticker: BLDP

BLDP in downward trend: 10-day moving average broke below 50-day moving average on June 12, 2024

The 10-day moving average for BLDP crossed bearishly below the 50-day moving average on June 12, 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on May 31, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BLDP as a result. In of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BLDP turned negative on June 03, 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 56 similar instances when the indicator turned negative. In of the 56 cases the stock turned lower in the days that followed. This puts the odds of success at .

BLDP moved below its 50-day moving average on June 04, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLDP 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 BLDP entered a downward trend on June 17, 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.

Bullish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLDP advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .

BLDP 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)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 83%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.986) is normal, around the industry mean (5.284). P/E Ratio (0.000) is within average values for comparable stocks, (50.050). BLDP's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.219). Dividend Yield (0.000) settles around the average of (0.022) among similar stocks. P/S Ratio (9.542) is also within normal values, averaging (9.765).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BLDP’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. BLDP’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 73, placing this stock worse than average.

Notable companies

The most notable companies in this group are Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 8.6B. The market cap for tickers in the group ranges from 59.62 to 135.33B. SMAWF holds the highest valuation in this group at 135.33B. The lowest valued company is KRNT at 59.62.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 5%. NSGP experienced the highest price growth at 84%, while EMFGF experienced the biggest fall at -80%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -57%. For the same stocks of the Industry, the average monthly volume growth was -78% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

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

Valuation Rating: 55
P/E Growth Rating: 61
Price Growth Rating: 52
SMR Rating: 73
Profit Risk Rating: 73
Seasonality Score: 0 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of clean energy fuel cell products

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
Electrical Products
Address
9000 Glenlyon Parkway
Phone
+1 604 454-0900
Employees
1173
Web
https://www.ballard.com
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