Trading Robot Earns 10.82% Gain for MULN, Mullen Automotive RSI Exits Oversold Zone
In the world of finance, the use of artificial intelligence and machine learning algorithms to make trading decisions has become increasingly popular. AI trading robots are able to analyze vast amounts of data and make informed decisions based on trends and patterns that may not be immediately apparent to human traders.
One recent success story comes from Mullen Automotive (MULN), where an AI trading robot produced gains of 10.82%. This impressive return on investment was achieved thanks to the robot's ability to analyze market trends and make timely trades based on the data it collected.
One of the indicators that the AI trading robot likely used to make its decisions was the Relative Strength Index (RSI), a technical analysis tool that helps traders identify overbought or oversold conditions in the market. In the case of MULN, the RSI indicator showed that the stock had left the oversold zone, which may have been a signal for the trading robot to make a buy decision.
While there is always some risk involved in trading, the use of AI trading robots can help mitigate some of the uncertainty by providing data-driven insights and making informed decisions based on that data. It is important, however, to remember that even the most advanced algorithms cannot predict the future with complete accuracy, so traders should always exercise caution and make decisions based on a combination of data and experience.
Momentum Indicator for MULN turns positive, indicating new upward trend
MULN saw its Momentum Indicator move above the 0 level on September 14, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned positive. In of the 78 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where MULN's RSI Indicator exited the oversold zone, of 43 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a +3 3-day Advance, the price is estimated to grow further. Considering data from situations where MULN advanced for three days, in of 212 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MULN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
MULN broke above its upper Bollinger Band on September 15, 2023. 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 Aroon Indicator for MULN entered a downward trend on September 01, 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.
Fundamental Analysis (Ratings)
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: P/B Ratio (0.365) is normal, around the industry mean (6.710). P/E Ratio (0.001) is within average values for comparable stocks, (20.510). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.666). MULN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (17.986) 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. MULN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MULN’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.
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 MotorVehicles
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| QCLVX | 26.47 | -0.35 | -1.30% |
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| SGIDX | 28.21 | -0.38 | -1.33% |
| Steward Global Equity Income Fund A | |||
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| Rydex Europe 1.25x Strategy C | |||
| JSVDX | 12.74 | -0.19 | -1.47% |
| Janus Henderson Small-Mid Cap Value D | |||
MULN and
Correlation & Price change
A.I.dvisor tells us that MULN and AYRO have been poorly correlated (+26% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that MULN and AYRO's prices will move in lockstep.
| Ticker / NAME | Correlation To MULN | 1D Price Change % | ||
|---|---|---|---|---|
| MULN | 100% | -7.60% | ||
| AYRO - MULN | 26% Poorly correlated | -6.18% | ||
| F - MULN | 21% Poorly correlated | -1.19% | ||
| RIVN - MULN | 21% Poorly correlated | +5.35% | ||
| GM - MULN | 21% Poorly correlated | -2.42% | ||
| WKHS - MULN | 21% Poorly correlated | -5.03% | ||
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