EVGO Investors Reap 6.01% Profits from Tickeron's Automated Factory in 30 Days
Among the multitude of AI trading robots, "Swing Trader: Deep Trend Analysis v.2 (TA)" stands out as one of the top performers. Over the previous month, this advanced trading robot, developed in our robot factory, achieved an impressive gain of 6.01% while trading EVGO, a stock that has recently experienced a downward shift in momentum.
Downward Momentum Signals Potential Bearish Move: On May 17, 2023, EVGO's Momentum Indicator dipped below the 0 level, a significant development that suggests a potential shift in the stock's direction. This downward movement indicates that traders should exercise caution and consider selling the stock or exploring put options.
Insights from Tickeron's A.I.dvisor: To gain further insights into the implications of EVGO's Momentum Indicator turning negative, we consulted Tickeron's A.I.dvisor, which analyzed 41 similar instances in the past. Remarkably, in 38 out of these 41 cases, the stock continued to decline in the subsequent days. Based on this historical data, there is a 90% chance of a further decline in EVGO's stock price.
Earnings Report Highlights: Aside from analyzing momentum indicators, it is essential to consider a company's financial performance. EVGO's most recent earnings report, released on May 09, revealed earnings per share of -18 cents, surpassing the estimated -20 cents. This positive deviation indicates that EVGO performed slightly better than expected in terms of profitability.
Market Capitalization and Share Structure: With 3.15 million shares outstanding, EVGO currently boasts a market capitalization of approximately 404.11 million dollars. Market capitalization represents the total value of a company's outstanding shares, providing investors with a sense of the company's size and worth.
While EVGO experienced a positive earnings surprise, the company's downward momentum, as indicated by its Momentum Indicator, suggests caution for traders and investors. The track record of similar instances, along with the analysis provided by Tickeron's A.I.dvisor, further supports the notion of a potential decline in EVGO's stock price. As the "Swing Trader: Deep Trend Analysis v.2 (TA)" AI trading robot has demonstrated its capabilities with a solid gain in the previous month, it remains an intriguing option for traders looking to navigate the current market conditions surrounding EVGO.
EVGO in +12.97% Uptrend, advancing for three consecutive days on October 16, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where EVGO advanced for three days, in of 182 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 03, 2024. You may want to consider a long position or call options on EVGO as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EVGO just turned positive on October 03, 2024. Looking at past instances where EVGO's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .
EVGO moved above its 50-day moving average on October 03, 2024 date and that indicates a change from a downward trend to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 144 cases where EVGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for EVGO moved out of overbought territory on October 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EVGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
EVGO broke above its upper Bollinger Band on October 03, 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EVGO’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 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (12.064). P/E Ratio (0.000) is within average values for comparable stocks, (36.044). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). EVGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (1.356) is also within normal values, averaging (18.679).
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. EVGO’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 74, placing this stock worse than average.
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