Swing Trader: High Volatility Stocks for Active Trading (TA&FA), an AI trading robot, has emerged as a top performer in Tickeron's robot factory over the past week, generating an impressive 5.03% return for CENN.
This is a significant achievement, as the robot is designed to analyze the market and identify trading opportunities in high volatility stocks using both technical and fundamental analysis.
According to the robot's analysis, CENN may be poised for a rebound. The stock has recently fallen below its lower Bollinger Band, which is a technical indicator that measures the volatility of a stock's price relative to its moving average. However, in 30 of the 33 cases where CENN's price broke its lower Bollinger Band, the price rose further in the following month. This suggests that the odds of a continued upward trend for CENN are high, with a probability of 90%.
Traders who are looking to take advantage of this potential opportunity may want to consider buying CENN or exploring call options. However, it's important to note that investing always carries some degree of risk, and traders should exercise caution and perform their due diligence before making any investment decisions.
Overall, the success of Swing Trader: High Volatility Stocks for Active Trading (TA&FA) in generating returns for CENN is a testament to the power of AI and machine learning in financial markets. As technology continues to advance, we can expect to see more sophisticated trading algorithms and robots emerge, providing traders with even more opportunities to profit from the markets.
CENN saw its Momentum Indicator move below the 0 level on May 18, 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 85 similar instances where the indicator turned negative. In of the 85 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 CENN turned negative on May 19, 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 35 similar instances when the indicator turned negative. In of the 35 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 CENN 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 CENN entered a downward trend on May 25, 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 Indicator shows that the ticker has stayed in the oversold zone for 5 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 11 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.
CENN 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 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 (0.322) is normal, around the industry mean (9.576). P/E Ratio (0.000) is within average values for comparable stocks, (96.019). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.873). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (6.897) is also within normal values, averaging (74.952).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’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. CENN’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 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of intimate apparel and swimwear
A.I.dvisor indicates that over the last year, CENN has been loosely correlated with LCID. These tickers have moved in lockstep 44% of the time. This A.I.-generated data suggests there is some statistical probability that if CENN jumps, then LCID could also see price increases.
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