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 in +12.97% Uptrend, advancing for three consecutive days on October 16, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where EVGO advanced for three days, in of 182 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 03, 2024. You may want to consider a long position or call options on EVGO as a result. In of 67 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for EVGO just turned positive on October 03, 2024. Looking at past instances where EVGO's MACD turned positive, the stock continued to rise in of 31 cases over the following month. The odds of a continued upward trend are .
EVGO moved above its 50-day moving average on October 03, 2024 date and that indicates a change from a downward trend to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 144 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 10-day RSI Indicator for EVGO moved out of overbought territory on October 28, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 24 similar instances where the indicator moved out of overbought territory. In of the 24 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
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 .
EVGO broke above its upper Bollinger Band on October 03, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 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: EVGO's P/B Ratio (90.090) is slightly higher than the industry average of (12.064). P/E Ratio (0.000) is within average values for comparable stocks, (36.044). 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 (18.679).
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 74, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Industry SpecialtyStores