QS Trading Reaps Benefits from Tickeron's Robot Factory, Achieving 41.26% Results in the Last 6 Months
The world of trading has been revolutionized by advancements in artificial intelligence, and Swing Trader: Top High-Volatility Stocks (TA) has proven to be one of the best AI trading robots in our factory. Over the past six months, this robot has generated a remarkable gain of 41.26% by strategically trading QS stock. In this article, we will delve into the technical analysis behind this success and evaluate the recent earnings results of QS.
QS Breaks Above 50-Day Moving Average, Signaling an Upward Trend: On June 06, 2023, QS made a significant move by crossing above its 50-day moving average. This event serves as an indication of a shift from a downward trend to an upward trend. Historical data reveals that in 10 out of 11 similar past instances, the stock price continued to rise within the following month. As a result, the odds of a sustained upward trend for QS are estimated to be 90%, presenting an encouraging outlook for investors.
Earnings Report Analysis: The most recent earnings report for QS, released on April 26, disclosed an earnings per share (EPS) of -23 cents, which missed the estimated EPS of -20 cents. While the company fell short of the forecast, it's essential to consider various factors that may impact the stock's performance.
With 1.75 million shares outstanding, QS currently boasts a market capitalization of approximately 3.23 billion dollars. This figure provides investors with an understanding of the company's overall value in the market.
The Swing Trader AI robot has demonstrated its prowess by delivering an impressive gain of 41.26% while trading QS stock over the past six months. The recent breakthrough above the 50-day moving average suggests a shift towards an upward trend, backed by historical data indicating a high likelihood of continued price appreciation. Although QS missed its earnings estimate in the last report, it's crucial to analyze additional factors beyond this isolated event.
QS in upward trend: price rose above 50-day moving average on October 24, 2024
QS moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend. In of 29 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where QS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 24, 2024. You may want to consider a long position or call options on QS as a result. In of 75 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 QS just turned positive on October 24, 2024. Looking at past instances where QS's MACD turned positive, the stock continued to rise in of 35 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 131 cases where QS 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 QS moved out of overbought territory on October 25, 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 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The 50-day moving average for QS moved below the 200-day moving average on September 24, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where QS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
QS broke above its upper Bollinger Band on October 24, 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. QS’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: P/B Ratio (2.271) is normal, around the industry mean (11.943). P/E Ratio (0.000) is within average values for comparable stocks, (44.409). QS's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.959). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.030). P/S Ratio (0.000) is also within normal values, averaging (26.858).
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. QS’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 84, placing this stock worse than average.
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Industry AutoPartsOEM