Last week was challenging for the entire market, with indices experiencing a decline of around 3%. The Motor Vehicles industry saw the most significant downturn. For instance, the giant TSLA dropped by 11%, while NIO's shares plummeted by 17%. We actively trade stocks of this type in almost all of our robots due to their high volatility, and we had a good week profiting from short positions.
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Notable Companies: Some of the most prominent companies in this sector include Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), and NIO Inc. (NYSE:NIO).
Industry Description: The automobile industry remains one of the most popular modes of passenger travel in the United States, with major automakers generating revenues and market capitalizations in the multi-billions. In recent years, the industry has witnessed groundbreaking innovations such as electric vehicles and self-driving technology. While established companies like General Motors, Ford, and Toyota Motors have a longstanding presence in this field, there are also emerging and rapidly growing players like Tesla, which has played a pivotal role in the surging popularity of the electric vehicle market. With significant technological advancements driving change in the automotive sector, we've also seen collaborations, or discussions of potential partnerships, between car manufacturers and tech giants like Google's subsidiary, Waymo.
Market Cap: The average market capitalization across the Motor Vehicles Industry stands at $31.4 billion. Market capitalizations for companies in this group vary widely, ranging from $2.5 million to $684 billion. TSLA holds the highest valuation in this category at $684 billion, while EVTGF is the lowest valued company with a market capitalization of $2.5 million.
High and Low Price Notable News: The average weekly price growth across all stocks in the Motor Vehicles Industry was -5.08%. Over the same period, the average monthly price growth was 64.82%, and the average quarterly price growth was 69.49%. RIDEQ experienced the highest price growth at 21.34%, while SEVCQ saw the most significant decline at -85%.
8/19/23 6:54 AM: XPeng (XPEV, $14.98) was a top loser this week, declining -7.99%. Expect a continuation of the downtrend. 8/17/23 2:18 PM: NIO (NIO, $11.4) was a top loser this week, declining -15.3%. 8/12/23 7:31 AM: XPeng (XPEV, $16.28) was a top loser this week, declining -11.14%. Expect a continuation of the downtrend.
Volume Trends: The average weekly volume growth across all stocks in the Motor Vehicles Industry was 9.18%. Conversely, the average monthly volume growth for these stocks was -31.17%, and the average quarterly volume growth was 8.31%.
Fundamental Analysis Ratings: The average fundamental analysis ratings, on a scale where 1 is the best and 100 is the worst, are as follows:
These ratings provide insights into various aspects of the companies' financial performance, market perception, and risk assessment.
TSLA's Aroon Indicator Signals Downward Trend: On August 18, 2023, the Aroon Indicator for TSLA entered a downward trend. 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 consecutive days. This pattern suggests a strong downward move could be imminent for the stock. Traders may want to consider selling the stock or buying put options. Analyzing 170 similar instances where the Aroon Indicator formed such a pattern, it was found that in 137 of these cases, the stock moved lower, indicating an 81% likelihood of a downward move.
TSLA Stock Forecast and Price Analysis: The current price of TSLA is $215.49, having crossed the resistance line at $270.17. The stock is trading between the resistance line at $270.17 and the support line at $83.34. Over the month from 07/19/23 to 08/18/23, the stock experienced a significant downtrend of -26%. In the week of 08/11/23 to 08/18/23, the stock fell by -11%.
HMC in a -2.20% Downward Trend: HMC is currently in a -2.20% downward trend, falling for three consecutive days on August 16, 2023. A three-day decline is considered a bearish sign, and investors should monitor this stock for potential further declines. Historical data from situations where HMC declined for three days shows that in 159 of 275 cases, the price declined further within the following month, suggesting a 58% chance of a continued downward trend.
TM in an Upward Trend with Bollinger Bands Signal: TM (Toyota Motor Corporation) is in an upward trend, with its price breaking above the lower Bollinger Band on August 16, 2023. This suggests that TM may rebound above the lower band and move towards the middle band. Traders might consider buying the stock or exploring call options. Looking at 35 past instances where TM's price broke its lower Bollinger Band, it was observed that in 24 of these cases, the price rose further in the following month, indicating a 69% probability of a continued upward trend.
NIO in a Downward Trend with 50-Day Moving Average Crossing: NIO moved below its 50-day Moving Average on August 18, 2023, signaling a shift from an upward trend to a downward trend. In 30 out of 31 similar past instances, the stock price decreased further within the following month, indicating a high likelihood of a continued downward trend at 90%.
F in a -3.20% Downward Trend: Ford (F) is currently in a -3.20% downward trend, declining for three consecutive days on August 16, 2023. A three-day decline is generally considered bearish. Monitoring this stock for potential further declines is advisable. Based on historical data from situations where F declined for three days, it was found that in 206 of 301 cases, the price declined further within the following month, suggesting a 68% chance of a continued downward trend.
XPEV's RSI Indicator Signals Overbought Zone Exit: The 10-day RSI Indicator for XPEV moved out of the overbought territory on August 01, 2023. This could be a sign that the stock is transitioning from an upward trend to a downward trend. Traders may want to consider selling the stock or buying put options. Analyzing 13 instances where the RSI Indicator moved out of the overbought zone, it was observed that in all 13 cases, the stock moved lower in the days that followed, indicating a 90% probability of a downward move.
TSLA moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend. In of 26 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TSLA turned negative on September 22, 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 47 similar instances when the indicator turned negative. In of the 47 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 TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSLA broke above its upper Bollinger Band on September 11, 2023. 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TSLA's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 352 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 334 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher 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 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: P/B Ratio (15.337) is normal, around the industry mean (6.743). TSLA has a moderately high P/E Ratio (70.423) as compared to the industry average of (20.678). Projected Growth (PEG Ratio) (2.097) is also within normal values, averaging (5.664). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (9.132) is also within normal values, averaging (52.056).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of electric sports cars
A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.