Last month, an AI trading robot produced a 6.48% increase in FUBO's earnings.
The best AI trading robot in our robot factory, Trend Trader: Popular Stocks (TA&FA), generated a return of 6.48% for FUBO during the past week.
Last month, an AI trading robot produced a 6.48% increase in FUBO's earnings, which is an impressive feat. However, recent technical analysis suggests that FUBO's trend may be shifting lower, indicating a potential sell signal.
On March 02, 2023, the 10-day moving average for FUBO crossed bearishly below the 50-day moving average. This indicates a potential shift in the trend from bullish to bearish, suggesting that FUBO's stock price could continue to decline.
Interestingly, in the past 13 instances when the 10-day moving average crossed below the 50-day moving average, the stock price continued to move higher over the following month. This suggests that the current bearish trend may be an anomaly and that FUBO could rebound.
However, it's important to note that the odds of a continued downward trend are 90%, which means that caution is advised. If FUBO's stock price continues to decline, investors may want to consider selling their shares.
As an AI trading robot produced impressive earnings for FUBO last month, it's possible that the robot's algorithms may still be effective in identifying buying opportunities for the stock. Investors should continue to monitor the stock price and consider incorporating AI trading algorithms into their investment strategies.
While the recent technical analysis suggests a potential sell signal for FUBO, the stock has historically rebounded after similar bearish trends. Investors should exercise caution and consider incorporating AI trading algorithms into their investment strategies to maximize their returns.
FUBO's Stochastic Oscillator is staying in overbought zone for 2 days
Expect a price pull-back in the near future.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for FUBO crossed bearishly below the 50-day moving average on September 26, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 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 FUBO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
FUBO broke above its upper Bollinger Band on October 15, 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 Aroon Indicator for FUBO entered a downward trend on October 11, 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 Oscillator points to a transition from a downward trend to an upward trend -- in cases where FUBO's RSI Oscillator exited the oversold zone, of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 09, 2024. You may want to consider a long position or call options on FUBO as a result. In of 90 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 FUBO just turned positive on October 10, 2024. Looking at past instances where FUBO's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .
FUBO moved above its 50-day moving average on October 11, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FUBO advanced for three days, in of 227 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FUBO’s price grows at a lower 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 slightly 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 (1.751) is normal, around the industry mean (0.975). P/E Ratio (0.000) is within average values for comparable stocks, (17.001). FUBO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.346). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.045). P/S Ratio (0.279) is also within normal values, averaging (0.591).
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. FUBO’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 96, placing this stock worse than average.
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry Broadcasting