The auto industry is widely known for its dynamic nature and susceptibility to technological disruptions. Amidst this volatility, our AI-powered Swing Trader Deep Trend Analysis (TA) strategy has showcased its proficiency by generating a remarkable 76.51% return for Workhorse Group Inc. (WKHS) over the past year.
Auto Industry Overview: Market Capitalization
The Motor Vehicles Industry, where WKHS operates, hosts an array of companies of different sizes. The average market capitalization stands at $31.31B. TSLA takes the lead with a market cap of a whopping $813.29B, while the smaller NVYAF is at the lower end with $2.87M.
Price Fluctuations: Winners and Losers
In terms of price performance, the auto industry experienced an average weekly price growth of -4%, which improved to a monthly growth of 3%, with quarterly growth stabilizing at 5%. HYZN leads the pack with the highest price growth of 28%, while FFIE witnessed the steepest fall at -50%.
Interestingly, the average weekly volume growth across all stocks in the Motor Vehicles Industry fell by 38%, but the trend was positive on a monthly and quarterly basis, at 47% and 99% respectively.
WKHS: Profiting from Bearish Signals
WKHS has seen a bearish indicator signaling a potential price decline. While this may seem counterintuitive, such scenarios open up opportunities for alternative investment strategies like shorting the stock or buying put options. Based on AI's deep trend analysis, similar cases where WKHS's MACD histogram became negative have been identified 41 times, and 35 of them led to successful outcomes, indicating a success probability of 85%.
Our AI Swing Trader Deep Trend Analysis strategy's performance over the past year, yielding a significant 76.51% return for WKHS, demonstrates the game-changing potential of AI in navigating volatile industries. It reveals how AI can identify deep market trends and convert these insights into profitable trading strategies, even when the market seems to be moving against the grain. As AI continues to evolve and refine its predictive capabilities, its impact on the landscape of trading and investment is set to be revolutionary.
WKHS saw its Momentum Indicator move below the 0 level on September 01, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 73 similar instances where the indicator turned negative. In of the 73 cases, the stock moved further down in the following days. The odds of a decline are at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WKHS 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 Aroon Indicator for WKHS entered a downward trend on September 21, 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 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 14 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 WKHS advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
WKHS 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 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: P/B Ratio (0.898) is normal, around the industry mean (6.710). P/E Ratio (3.200) is within average values for comparable stocks, (20.510). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.666). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (7.189) is also within normal values, averaging (49.647).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’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. WKHS’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 85, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufactures of high performance, medium duty trucks
|MFs / NAME||Price $||Chg $||Chg %|
|Allspring Diversified Income Bldr A|
|Goldman Sachs Small Cap Gr Insghts P|
|Fidelity Advisor® Growth & Income M|
|JPMorgan Small Cap Growth R5|
|Saratoga Financial Service C|
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 51% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIVN could also see price increases.