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Apr 11, 2023

Last week, an AI trading robot generated a 3.27% growth for WKHS.

The AI trading robot, designed for  Swing Trader: High Volatility Stocks for Active Trading (TA&FA), stood out as one of the top performers in our robot factory. It successfully traded WKHS throughout the previous week and achieved an impressive 3.27% gain with 6 trades.

 

Last week, an AI trading robot generated a 3.27% growth for WKHS (Workhorse Group Inc.), a leading electric vehicle manufacturer based in the United States. This impressive performance was driven by the robot's ability to analyze market data and make strategic trading decisions using advanced algorithms.

One of the key indicators that the AI trading robot relied on to identify trading opportunities was the Aroon Indicator, a popular technical indicator used by traders to identify trends in a stock's price movement. The Aroon Indicator consists of two lines, the AroonUp (green line) and the AroonDown (red line), which oscillate between 0 and 100. The AroonUp measures the strength of the uptrend, while the AroonDown measures the strength of the downtrend.

According to Tickeron's A.I.dvisor, a leading AI-powered trading platform, the Aroon Indicator for WKHS entered a downward trend on April 06, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock, as it suggests that the stock is experiencing a strong downtrend with little to no signs of an uptrend.

To further validate this pattern, Tickeron's A.I.dvisor looked at historical data and identified 255 similar instances where the Aroon Indicator formed such a pattern. In 235 of the 255 cases, the stock moved lower, indicating a 90% probability of a downward move. This data suggests that the AI trading robot's decision to generate a sell signal or buy put options for WKHS was based on a statistically significant pattern that has historically resulted in a downward trend for the stock.

The use of AI in trading has gained significant popularity in recent years, as it can analyze vast amounts of data and make data-driven decisions in a matter of milliseconds, far beyond the capabilities of human traders. AI trading robots leverage advanced algorithms and machine learning techniques to identify patterns, trends, and anomalies in market data, and generate buy or sell signals accordingly.

The success of the AI trading robot in generating a 3.27% growth for WKHS last week highlights the potential of AI in the field of trading. However, it is important to note that trading stocks and other securities involves inherent risks, and the performance of AI trading robots can also be subject to fluctuations and uncertainties in the market. It is crucial for traders to exercise caution, do their own research, and consider various factors before making any investment decisions.

The AI trading robot's ability to generate a 3.27% growth for WKHS last week is a testament to the power of AI in the field of trading. The use of advanced algorithms and machine learning techniques can enable AI trading robots to identify patterns and trends in market data that may not be easily recognizable by human traders. However, it is important for traders to carefully evaluate the risks and uncertainties associated with trading, and not solely rely on AI trading robots for making investment decisions.

Related Ticker: WKHS

Momentum Indicator for WKHS turns negative, indicating new downward trend

WKHS saw its Momentum Indicator move below the 0 level on April 10, 2024. 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 78 similar instances where the indicator turned negative. In of the 78 cases, the stock moved further down in the following days. The odds of a decline are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Moving Average Convergence Divergence Histogram (MACD) for WKHS turned negative on April 15, 2024. 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 40 similar instances when the indicator turned negative. In of the 40 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 WKHS 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 WKHS entered a downward trend on April 17, 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 Indicator shows that the ticker has stayed in the oversold zone for 3 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 10 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 WKHS advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .

WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

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 (0.849) is normal, around the industry mean (6.005). P/E Ratio (3.200) is within average values for comparable stocks, (18.064). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (3.588) is also within normal values, averaging (74.209).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

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 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. WKHS’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 85, placing this stock worse than average.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 31.88B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -4%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -4%. FSRN experienced the highest price growth at 115%, while ZAPP experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 7%. For the same stocks of the Industry, the average monthly volume growth was -41% and the average quarterly volume growth was 18%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 69
Price Growth Rating: 61
SMR Rating: 78
Profit Risk Rating: 84
Seasonality Score: -8 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a manufactures of high performance, medium duty trucks

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Auto Parts OEM
Address
3600 Park 42 Drive
Phone
+1 888 646-5205
Employees
298
Web
https://www.workhorse.com
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