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.
The Aroon Indicator for WKHS entered a downward trend on September 21, 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 269 similar instances where the Aroon Indicator formed such a pattern. In of the 269 cases the stock moved lower. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on September 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 74 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 10-day moving average for WKHS crossed bearishly below the 50-day moving average on August 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 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 shows that the ticker has stayed in the oversold zone for 5 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.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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 WKHS advanced for three days, in of 262 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 (0.855) is normal, around the industry mean (6.743). P/E Ratio (3.200) is within average values for comparable stocks, (20.678). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.666). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.849) is also within normal values, averaging (52.056).
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 86, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufactures of high performance, medium duty trucks
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIVN could also see price increases.