The major stock market indices closed lower on Tuesday, with the S&P 500 and Nasdaq Composite falling 0.46% and 0.63%, respectively, while the Dow Jones Industrial Average declined 0.17%.
Our robots also showed little movement in yesterday's trading and closed almost unchanged.
Investor attention is focused on the U.S. debt ceiling, as concerns grow that failing to resolve the issue before the June 1 deadline could result in default. After the market close on Tuesday, President Joe Biden held a crucial meeting with congressional leaders, but comments from both sides suggested that little progress was made.
On Wednesday, investors are anticipating the release of April's consumer price index, which is an essential gauge of inflation and should provide more clarity on whether the Federal Reserve's interest rate hikes are effective in combating persistent price increases. Analysts surveyed by Dow Jones predict a month-over-month inflation increase of 0.4% and a 5% increase from the previous year.
Shares of WKHS ($0.98) declined by over 5% during Tuesday's main trading session. These declines provided our robots with opportunities to profit from short positions.
Following a three-day decline, the stock is expected to continue falling. Historical data shows that in 50 out of 62 cases where WKHS experienced a three-day decline, the price rose further within the following month. However, the odds of a continued downward trend are currently at 89%.
In addition, the Aroon Indicator for WKHS started a downward trend on May 8, 2023, indicating a potentially significant decline for the stock. Traders may want to consider selling the stock or buying put options.
The Aroon Indicator for WKHS entered a downward trend on May 22, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 272 similar instances where the Aroon Indicator formed such a pattern. In of the 272 cases the stock moved lower. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where WKHS's RSI Indicator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 254 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 (1.531) is normal, around the industry mean (9.550). P/E Ratio (3.200) is within average values for comparable stocks, (95.948). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.867). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (20.833) is also within normal values, averaging (72.196).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows