Profits Soar: Trader Robot Nets +5.80% for $EVGO Last Week
"Swing Trader: Deep Trend Analysis v.2 (TA)" has been making waves as a bot factory. Last week, it achieved a remarkable gain of +5.80% while trading EVGO, a feat worth examining. This article delves into the recent developments surrounding EVGO's stock, including its RSI Oscillator movement, earnings report, market capitalization, and broader market trends within the Specialty Stores Industry.
RSI Oscillator Signals a Shift
One significant indicator that caught the attention of traders is the Relative Strength Index (RSI) Oscillator for EVGO. On August 25, 2023, it climbed out of oversold territory, a signal often associated with a potential shift from a downward trend to an upward one. For traders, this is an encouraging sign that may prompt them to consider buying the stock or call options.
The A.I.dvisor, which specializes in analyzing market indicators, reviewed 20 similar instances when EVGO's RSI Oscillator left oversold territory. Remarkably, in 19 of these 20 cases, the stock price moved higher, indicating a 90% probability of a price increase in such scenarios. This information provides valuable insight for traders looking to make informed decisions based on historical data and technical analysis.
Earnings Report Exceeds Expectations
Earnings reports are crucial for evaluating a company's financial health and growth potential. EVGO's most recent earnings report, released on August 02, revealed earnings per share of -7 cents, significantly surpassing the estimated -25 cents. With 1.99 million shares outstanding, EVGO currently boasts a market capitalization of 430.09 million dollars.
Market Capitalization in Context
To put EVGO's market capitalization into perspective, it's important to consider the broader industry landscape. The average market capitalization across the Specialty Stores Industry stands at a substantial 6.76 billion dollars. Companies within this group exhibit a wide range of market capitalizations, from a low of 48 million dollars (CALI) to a staggering 327.8 billion dollars (HD).
Price Movement Trends
Analyzing price movements over various timeframes provides additional context for EVGO's performance. In the Specialty Stores Industry, the average weekly price growth across all stocks was -2%. On a monthly basis, the average price growth was -6%, and over a quarter, it was -1%. Notably, GHST experienced the highest price growth at 64%, while SSU faced the most significant decline at -46%. EVGO's recent gain of +5.80% in a week, against this industry backdrop, becomes even more remarkable.
Volume Insights
Understanding trading volume can shed light on market sentiment. Across all stocks in the Specialty Stores Industry, the average weekly volume growth was 3%. Over a month, the average volume growth was -12%, and for a quarter, it was -57%. This data indicates the fluctuating trading activity within the industry, which can influence price movements and investor sentiment.
In summary, the performance of AI trading robots like "Swing Trader: Deep Trend Analysis v.2 (TA)" trading EVGO highlights the growing role of artificial intelligence in financial markets. The RSI Oscillator's movement, the positive earnings surprise, and market dynamics within the Specialty Stores Industry all contribute to a comprehensive picture of EVGO's recent performance.
EVGO's RSI Oscillator is sitting in 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.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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 EVGO advanced for three days, in of 188 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 162 cases where EVGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EVGO as a result. In of 71 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 EVGO turned negative on December 17, 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 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 .
EVGO moved below its 50-day moving average on December 03, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EVGO 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EVGO’s price grows at a higher 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (12.393). P/E Ratio (0.000) is within average values for comparable stocks, (36.657). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). EVGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (1.356) is also within normal values, averaging (19.235).
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. EVGO’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 75, placing this stock worse than average.
Notable companies
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 SpecialtyStores