Go to the list of all blogs
Dem Sem's Avatar
published in Blogs
Sep 08, 2023

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.

Related Ticker: EVGO

EVGO in +2.25% Uptrend, advancing for three consecutive days on July 16, 2024

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where EVGO advanced for three days, in of 164 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 24, 2024. You may want to consider a long position or call options on EVGO as a result. In of 58 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 EVGO just turned positive on June 24, 2024. Looking at past instances where EVGO's MACD turned positive, the stock continued to rise in of 28 cases over the following month. The odds of a continued upward trend are .

EVGO moved above its 50-day moving average on June 21, 2024 date and that indicates a change from a downward trend to an upward trend.

The Aroon Indicator entered an Uptrend today. In of 126 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 10-day RSI Indicator for EVGO moved out of overbought territory on July 18, 2024. 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 20 similar instances where the indicator moved out of overbought territory. In of the 20 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

EVGO broke above its upper Bollinger Band on July 10, 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.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%.

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 fair valued 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 (11.667). P/E Ratio (0.000) is within average values for comparable stocks, (35.049). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.519). 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 (89.723).

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 76, placing this stock worse than average.

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Company (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Bath & Body Works (NYSE:BBWI), Five Below (NASDAQ:FIVE), RH (NYSE:RH), Advance Auto Parts (NYSE:AAP).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 8.27B. The market cap for tickers in the group ranges from 48 to 380.15B. HD holds the highest valuation in this group at 380.15B. The lowest valued company is CALI at 48.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was 2%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 21%. TKLF experienced the highest price growth at 116%, while SPEV experienced the biggest fall at -28%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -8%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was 59%

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: 55
Price Growth Rating: 56
SMR Rating: 70
Profit Risk Rating: 75
Seasonality Score: 15 (-100 ... +100)
View a ticker or compare two or three
EVGO
Daily Signal changed days ago
Gain/Loss if shorted
Show more...
Ad is loading...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
N/A
Address
11835 West Olympic Boulevard
Phone
+1 877 494-3833
Employees
292
Web
https://www.evgo.com
Ad is loading...
Discover the dynamic world of cryptocurrency trading with Tickeron's AI analysis. Capitalize on bullish and bearish patterns in Origin Protocol (OGN.X), with gains up to 27.80%. Stay ahead with Tickeron's real-time insights and make informed trading decisions. #CryptoTrading #AIAnalysis #OriginProtocol #InvestSmart
#latest#popular#patterns#artificial_intelligence#trading#technical_analysis
Dive into the world of trading excellence with our Best AI Robot of the week! In a market characterized by growth, the key to maximizing profits lies not only in mainstream large-cap stocks but also in exploring opportunities across different market segments.
This article delves into the performance of AI trading robots, specifically those utilizing the "Swing trader: Long-Short Equity Strategy (TA&FA)." These bots showcased their prowess by delivering a notable +4.98% gain while engaging in MRNA trades over the previous week. Beyond mere statistics, we explore the technical indicators and recent earnings report of MRNA to shed light on the underlying dynamics influencing the stock.
Artificial intelligence (AI) trading bots have become powerful tools for investors seeking active trading opportunities. In a recent analysis conducted on the "Day Trader: High Volatility Stocks for Active Trading (TA&FA)" platform, AI trading bots exhibited impressive performance, generating a noteworthy +4.81% gain while actively trading Shopify (SHOP) over the course of the previous week.
In the dynamic world of finance, strategic asset acquisition is a game-changer. Recently, a group of stocks within this domain has been in the spotlight, showcasing notable performances and intriguing patterns. This article delves into the recent movements of these stocks, focusing on key indicators, market capitalization, notable price events, and volume dynamics.
The Tickeron quant team is delighted to introduce our best robot of the week tailored for Trend Traders. Our sophisticated AI Robot, has been designed for manual trading enthusiasts who value independent signal selection.
Tickeron's Quant team is delighted to introduce our latest AI-powered robot designed for trading small-cap stocks, employing a distinctive fundamental stock analysis algorithm. This algorithm, renowned for its blend of in-depth analysis and intuitive signal-following capabilities, is well-suited for both novice and seasoned traders.
The Tickeron quant team proudly presents our top-performing AI robot for swing traders. This robot stands out with its remarkable accuracy, empowering traders to capitalize on diverse market conditions and transaction types. Demonstrating its proficiency, it achieved profitability in short trades during last week's strong uptrend in the US stock markets.
One such example is the "Trend Trader: Popular Stocks (TA&FA)" platform, where AI trading robots demonstrated their prowess by generating a notable gain while actively trading Adobe Inc. (ADBE) over the previous week. In this article, we delve into a technical analysis of ADBE's recent performance, shedding light on key indicators and recent earnings results.
​​​​​​​The railroads sector, encompassing prominent players such as Canadian Pacific Railway (CP), CSX Corporation (CSX), Norfolk Southern Corporation (NSC), Canadian National Railway Company (CNI), and Union Pacific Corporation (UNP), has undergone a noteworthy surge in performance over the past week. However, a closer examination reveals a complex landscape marked by negative outlook signals and fluctuating market dynamics.
The Tickeron quant team is excited to introduce our premier AI robot, specifically optimized for Swing Traders. This tool represents the pinnacle of our technological advancements in trading algorithms. Excelling in the market, it has achieved an impressive feat, earning twice as much as the S&P 500 in just the past week.
In the whirlwind of the current mergers and acquisitions frenzy, investors are reaping substantial rewards as stocks within the merger industry theme surged by an impressive 20.9% on average over the past month.
The Tickeron quant team is delighted to introduce our top-performing AI robot tailored for beginners. Our AI Robot specializes in navigating the high-tech stocks within the NASDAQ 100 index, renowned for their liquidity and moderate volatility—making them an ideal choice for novice traders.
In the dynamic landscape of the US stock markets, where unpredictability has become the norm, finding a trading strategy that not only thrives in periods of growth but also shields against sharp corrections is paramount.
The Tickeron quant team proudly introduces our premier AI Robot, tailor-made for trend traders who prefer manual trading and selecting their own signals. This AI Robot stands out with its impressive track record of consistent trading predictions, empowering traders to align their decisions with personal preferences.
Tickeron is excited to highlight the exceptional performance of our top AI robot this week, given the recent downturn in major US stock indices. While the SP500, NASDAQ 100, and Dow Jones Industrial all experienced declines, our AI robot, thanks to its well-calibrated diversification across various industries, demonstrated remarkable resilience.
As the trading week came to a close on Friday, there were notable movements across various asset classes:
Tickeron's quant team diligently monitors developed trading algorithms daily to determine the most effective ones. Today, we are delighted to present three of the best robots tailored for swing traders, showcasing consistently positive results over several months, irrespective of market conditions. This week, they underscored their efficacy by yielding impressive gains across various stocks, even as major US stock indexes dipped.
Tickeron is excited to highlight the exceptional performance of our top AI robot this week. The US stock market has experienced a consistent upward trend for the past five months, heightening the anticipation of a forthcoming correction with each passing day.
Introducing our top-performing best AI Robot of the week, designed by Tickeron's expert quant team for trading small-cap stocks. This algorithm blends classical and proprietary technical indicators, honed through advanced machine learning, to empower users with effective portfolio diversification and maximum profitability in the dynamic market.