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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where QS declined for three days, in of 210 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on QS as a result. In of 52 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 Aroon Indicator for QS entered a downward trend on September 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator demonstrates 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 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 Moving Average Convergence Divergence (MACD) for QS just turned positive on August 30, 2023. Looking at past instances where QS's MACD turned positive, the stock continued to rise in of 25 cases 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 QS advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .
QS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 (2.623) is normal, around the industry mean (3.077). P/E Ratio (0.000) is within average values for comparable stocks, (39.402). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.666). QS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.000) is also within normal values, averaging (5.438).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. QS’s price grows at a lower rate over the last 12 months as compared to 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 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 88, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
A.I.dvisor indicates that over the last year, QS has been loosely correlated with AEVA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if QS jumps, then AEVA could also see price increases.