Week of High Returns: AI Trading Robot Scores 5.25% Profit for WKHS
The Swing trader: Deep Trend Analysis v.2 (TA), an AI trading robot developed by Tickeron, has recently garnered attention for its impressive performance in the company's robot factory. In this article, we'll delve into the robot's analysis of WKHS (Workhorse Group Inc.) and explore the potential indications of a downward move for the stock.
Aroon Indicator Analysis: On May 22, 2023, the Aroon Indicator for WKHS exhibited an interesting trend. Tickeron's A.I.dvisor, a sophisticated AI-driven advisory tool, identified a pattern where the AroonDown (red line) surpassed 70, while the AroonUp (green line) dipped below 30 for three consecutive days. According to technical analysis principles, such a pattern could suggest a strong downward move for the stock.
A.I.dvisor conducted an extensive analysis, examining 275 similar instances where the Aroon Indicator formed a comparable pattern. Surprisingly, in 251 out of the 275 cases, the stock price moved lower, implying a success rate of approximately 91%. Based on this statistical analysis, the odds of a downward move for WKHS appear to be significantly high, at around 90%.
Trading Recommendations: Considering the potential downward move indicated by the Aroon Indicator pattern, traders may contemplate implementing specific trading strategies. One option could be selling the stock if they currently hold WKHS shares, with the anticipation of capitalizing on a potential decline in the stock price. Alternatively, traders might consider purchasing put options, a form of financial derivative that allows them to profit from a decline in the stock's value.
While it is important to note that past performance is not indicative of future results, the statistical analysis conducted by Tickeron's A.I.dvisor based on historical data suggests a notable correlation between the Aroon Indicator pattern and subsequent downward price movements in the stock.
Earnings Results: In addition to technical analysis, it is crucial to consider fundamental factors that can impact a stock's performance. Examining the most recent earnings report for WKHS, which was released on May 15, provides valuable insights.
The report indicated that the earnings per share (EPS) for WKHS stood at -15 cents, outperforming the estimated value of -17 cents. This positive surprise suggests that the company's financial performance may have been better than expected. It is worth noting, however, that a negative EPS indicates a loss per share.
With 1.49 million shares outstanding, the current market capitalization of WKHS is approximately 172.06 million. Market capitalization is a key metric that reflects the total value of a company's outstanding shares in the stock market.
The AI trading robot, Swing trader: Deep Trend Analysis v.2 (TA), developed by Tickeron, has demonstrated its capabilities by generating a notable return of 5.25% for WKHS over a week. Combining technical analysis with historical data, Tickeron's A.I.dvisor identified a pattern in the Aroon Indicator that suggests a potential downward move for WKHS.
Traders considering the implications of this analysis may explore selling the stock or buying put options.
WKHS in upward trend: 10-day moving average moved above 50-day moving average on October 22, 2024
The 10-day moving average for WKHS crossed bullishly above the 50-day moving average on October 22, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where WKHS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 15, 2024. You may want to consider a long position or call options on WKHS as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
WKHS moved above its 50-day moving average on October 24, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 235 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 137 cases where WKHS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
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 .
WKHS broke above its upper Bollinger Band on September 24, 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 fairly steady 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 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 (0.849) is normal, around the industry mean (6.019). P/E Ratio (3.200) is within average values for comparable stocks, (18.031). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (3.588) is also within normal values, averaging (76.807).
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 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
a manufactures of high performance, medium duty trucks
Industry MotorVehicles