Trader Robot's Profitable Week: +4.66% Increase for $EVGO
These advanced algorithms, accessible through platforms like "Swing trader: Top High-Volatility Stocks v.2 (TA)," have been likened to bot factories for their remarkable ability to generate consistent gains. In this article, we delve into recent earnings results and technical indicators to analyze the performance of these AI trading robots.
Profitable Trading: A Glimpse into AI Bot Performance
Over the previous week, AI trading robots utilizing "Swing trader: Top High-Volatility Stocks v.2 (TA)" managed to achieve an impressive gain of +4.66% while actively trading EVGO, a high-volatility stock. This feat showcases the potential of AI-driven strategies to outperform human traders in dynamic markets.
Momentum Indicator Signals Caution for EVGO
However, it's essential to consider that not all stocks within AI trading bot portfolios perform equally. EVGO, in particular, has raised some red flags. The Momentum Indicator for EVGO turned negative on September 15, 2023, indicating a potential shift toward a new downward trend. Historically, when this indicator dipped below the 0 level, it preceded a downtrend. Tickeron's A.I.dvisor examined 50 similar instances of this occurrence, and in 47 out of 50 cases, the stock's value decreased in the following days. This data implies a significant 90% probability of further decline in EVGO's value.
Earnings Report Insights
To gain a better understanding of EVGO's current situation, it's vital to consider its financial performance. The last earnings report, released on August 02, revealed earnings per share of -7 cents. This figure surpassed market estimates, which had projected earnings at -25 cents per share. With 1.80 million shares outstanding, EVGO currently boasts a market capitalization of approximately 342.21 million dollars.
Specialty Stores Industry Overview
Now, let's broaden our perspective and examine the industry in which EVGO operates. The specialty stores sector encompasses companies dedicated to retailing products with a specific focus, such as clothing, carpets, books, or office supplies. This niche sector can face fierce competition from large departmental chains. Therefore, maintaining a robust product offering within their specialized category is crucial for growth and market sustainability.
Market Capitalization Insights
Considering market capitalization, the average value across the Specialty Stores Industry stands at a substantial 6.49 billion dollars. Within this sector, market caps of individual companies range from a modest 48 million dollars to a staggering 303.51 billion dollars. Notably, HD holds the highest valuation at 303.51 billion dollars, while CALI ranks as the lowest valued company at 48 million dollars.
Price Movements in the Industry
Turning our attention to price movements, it's evident that the Specialty Stores Industry has seen its share of volatility. The average weekly price growth across all stocks in this sector stands at -1%. Looking at a broader timeframe, the average monthly price growth is even lower at -7%, while the average quarterly price growth hovers at -5%. Among the noteworthy stocks, MRGO stands out with the highest price growth at an impressive 45%, while GGBBF experienced the most significant fall with a staggering -63%.
Volume Trends
Finally, let's consider trading volumes within the Specialty Stores Industry. On a weekly basis, the average volume growth across all stocks in this sector is 14%. Expanding the timeframe, the monthly volume growth surges to an average of 25%, while the quarterly volume growth takes a sharp downturn to -58%. These figures highlight the dynamic nature of trading activity within this industry.
In summary, AI trading robots have demonstrated their capacity to generate substantial gains, as exemplified by their recent performance in trading EVGO. However, caution is warranted, especially when technical indicators, like the Momentum Indicator, signal potential downward trends.
EVGO's RSI Indicator is remaining in oversold zone for 4 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.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 EVGO advanced for three days, in of 188 cases, the price rose further within the following month. The odds of a continued upward trend are .
EVGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 162 cases where EVGO 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 Momentum Indicator moved below the 0 level on December 11, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on EVGO as a result. In of 71 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 Moving Average Convergence Divergence Histogram (MACD) for EVGO turned negative on December 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 35 similar instances when the indicator turned negative. In of the 35 cases the stock turned lower in the days that followed. This puts the odds of success at .
EVGO moved below its 50-day moving average on December 03, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for EVGO crossed bearishly below the 50-day moving average on November 15, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 EVGO 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. EVGO’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 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (12.393). P/E Ratio (0.000) is within average values for comparable stocks, (36.657). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). EVGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (1.356) is also within normal values, averaging (19.235).
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. EVGO’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 75, placing this stock worse than average.
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Industry SpecialtyStores