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Vitalii Liubimov's Avatar
published in Blogs
Jun 21, 2023

Robots' Rally Endures: Our Robots Achieved Over 5% Profits on MULN Stocks Last Week

"A Week of Excellence: Our Robots Thrive, Including This Remarkable Robot"

Last week proved to be highly successful for many of our robots, and this particular robot, found at Swing-trader-Downtrend-Protection-v-2-TA, was no exception.

Designed to provide downtrend protection, this robot is tailored for traders seeking optimal results in volatile market conditions. By employing advanced algorithms and filters, it identifies opportune moments to enter trades, safeguarding against potential downtrends.

For instance, let's examine the performance of the MULN (MULLEN AUTOMOTIVE) stock. Our AI robot achieved remarkable gains, surpassing 5% in just one week.

To delve deeper into the trading statistics and equity chart, visit the robot's page and click on the "show more" button. In the "Open Trades" tab, you can witness the live decision-making process of the AI robot as it selects equities, executes trades, and exits paper trades. Additionally, the "Closed Trades" tab provides an overview of all previous trades executed by the AI robot.

With the previous week's success serving as a testament to the capabilities of our robots, this particular robot stands out as an exceptional tool for traders looking to navigate market downtrends effectively.

On Tuesday, stocks experienced a second consecutive day of lower closing prices. The Dow declined by 245.25 points, equivalent to a 0.72% decrease. The S&P 500 also saw a slide of 0.47%, while the Nasdaq Composite experienced a more modest loss of 0.16%. Our robots also incurred minor setbacks amidst these further breakthroughs.

Related Ticker: MULN

MULN sees MACD Histogram crosses below signal line

MULN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative. In of the 38 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart
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Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 32.93B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -5%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -8%. BCAUF experienced the highest price growth at 14%, while GKIT experienced the biggest fall at -59%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was 42%. For the same stocks of the Industry, the average monthly volume growth was 13% and the average quarterly volume growth was 88%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 74
Price Growth Rating: 66
SMR Rating: 74
Profit Risk Rating: 85
Seasonality Score: 0 (-100 ... +100)
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Daily Signalchanged days ago
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General Information

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
N/A
Address
1405 Pioneer Street
Phone
+1 714 613-1900
Employees
326
Web
https://www.mullenusa.com
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