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 saw its Momentum Indicator move below the 0 level on September 15, 2023. 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 50 similar instances where the indicator turned negative. In of the 50 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for EVGO turned negative on September 21, 2023. 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 23 similar instances when the indicator turned negative. In of the 23 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for EVGO crossed bearishly below the 50-day moving average on August 23, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 7 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 .
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 .
The Aroon Indicator for EVGO entered a downward trend on September 18, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where EVGO's RSI Indicator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator 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 upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EVGO advanced for three days, in of 129 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVGO 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 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (12.058). P/E Ratio (0.000) is within average values for comparable stocks, (23.780). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.670). EVGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (2.104) is also within normal values, averaging (82.411).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. EVGO’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. 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 78, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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|GQG Partners US Select Quality Eq R6|
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A.I.dvisor indicates that over the last year, EVGO has been loosely correlated with CHPT. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if EVGO jumps, then CHPT could also see price increases.