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 saw its Momentum Indicator move below the 0 level on May 23, 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 98 similar instances where the indicator turned negative. In of the 98 cases, the stock moved further down in the following days. The odds of a decline are at .
The 10-day RSI Indicator for FUBO moved out of overbought territory on May 11, 2023. 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 29 similar instances where the indicator moved out of overbought territory. In of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for FUBO turned negative on May 24, 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 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 .
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 .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
FUBO moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FUBO crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where FUBO advanced for three days, in of 205 cases, the price rose further within the following month. The odds of a continued upward trend are .
FUBO 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FUBO’s price grows at a higher rate over the last 12 months as compared to 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 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 (1.046) is normal, around the industry mean (2.940). P/E Ratio (0.000) is within average values for comparable stocks, (34.536). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.589). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.049). P/S Ratio (0.294) is also within normal values, averaging (0.770).
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 91, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows