Weekend Gains: +4.35% Profit on $FUBO by Trader Robot
In the ever-evolving world of trading, AI trading robots are becoming increasingly popular due to their ability to analyze vast amounts of data and make quick, data-driven decisions. One such AI trading robot, known as "Swing trader: Deep Trend Analysis v.2 (TA)," recently made headlines with an impressive +4.35% gain while trading FUBO over the course of the previous week. In this article, we'll delve into the technical analysis of FUBO's recent performance, earnings results, and broader market trends.
FUBO's Moving Averages Signal Bullish Sentiment
One of the key technical indicators that caught our attention is the crossover of FUBO's 50-day moving average above its 200-day moving average on July 31, 2023. This event is often regarded as a bullish signal, suggesting that the stock is potentially entering an upward trend. Technical analysts often use moving averages to gauge the direction of a stock's momentum, and in this case, the crossover indicates a potential long-term positive shift.
Impressive Earnings Report
On August 4, 2023, FUBO released its latest earnings report, which surprised many analysts. The company reported earnings per share of -17 cents, significantly surpassing the estimated -28 cents. With 25.66 million shares outstanding, FUBO's current market capitalization stands at 684.65 million.
Market Capitalization Insights
To put FUBO's market capitalization into perspective, it's valuable to compare it to others in the Broadcasting Industry. The average market capitalization in this sector is approximately 1.51 billion, with companies ranging from the smallest, MNIZ, valued at just 1.02 thousand, to the largest, CBS.A, valued at a substantial 18.73 billion. FUBO's market capitalization falls within this range, indicating it is a significant player in the industry.
Price Movements Across the Broadcasting Industry
Analyzing price movements within the Broadcasting Industry can provide insights into FUBO's relative performance. On average, stocks in this industry experienced a weekly price growth of 9%, a monthly growth of 3%, and a quarterly growth rate of -15%. Notably, MNIZ stood out with a remarkable 417% weekly price growth, while LPTV experienced a substantial -28% decline.
Volume Trends in the Broadcasting Industry
Volume trends are also crucial in assessing market sentiment. In the Broadcasting Industry, the average weekly volume growth was an impressive 112%, with a monthly growth rate of 2% and a quarterly growth rate of 68%. These figures suggest heightened activity in the sector, possibly due to changing market dynamics or specific industry events.
In conclusion, AI trading robots, like the one used in Swing trader: Deep Trend Analysis v.2 (TA), are proving their worth in the trading world, as evidenced by their recent success with FUBO. The technical indicators, including moving averages and earnings results, point towards potential bullish sentiment for FUBO. Additionally, market capitalization, price movements, and volume trends across the Broadcasting Industry provide valuable context for understanding FUBO's performance in the broader market landscape. As AI trading technology continues to advance, it will be fascinating to see how these robots navigate the ever-changing world of finance.
FUBO's RSI Oscillator ascends from oversold territory
The RSI Oscillator for FUBO moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 37 similar instances when the indicator left oversold territory. In of the 37 cases the stock moved higher. This puts the odds of a move higher at .
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 FUBO advanced for three days, in of 228 cases, the price rose further within the following month. The odds of a continued upward trend are .
FUBO 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 142 cases where FUBO 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 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on FUBO as a result. In of 91 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 FUBO turned negative on December 13, 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
FUBO moved below its 50-day moving average on December 13, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FUBO crossed bearishly below the 50-day moving average on December 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 FUBO 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. FUBO’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: FUBO's P/B Ratio (1.930) is slightly higher than the industry average of (0.809). FUBO has a moderately low P/E Ratio (0.000) as compared to the industry average of (10.681). FUBO's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.318). Dividend Yield (0.000) settles around the average of (0.062) among similar stocks. P/S Ratio (0.265) is also within normal values, averaging (0.604).
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. FUBO’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 94, placing this stock worse than average.
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General Information
Industry Broadcasting