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 Indicator peaks and leaves overbought zone
The 10-day RSI Oscillator for FUBO moved out of overbought territory on September 06, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FUBO as a result. In of 90 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 September 21, 2023. 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 56 similar instances when the indicator turned negative. In of the 56 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 September 21, 2023 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 September 22, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .
FUBO broke above its upper Bollinger Band on September 07, 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.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where FUBO advanced for three days, in of 209 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 132 cases where FUBO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 steady price growth. FUBO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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 (1.604) is normal, around the industry mean (2.848). P/E Ratio (0.000) is within average values for comparable stocks, (34.280). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.046). FUBO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (0.442) is also within normal values, averaging (0.595).
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.
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 Broadcasting
FUBO and
Correlation & Price change
A.I.dvisor indicates that over the last year, FUBO has been loosely correlated with IHRT. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if FUBO jumps, then IHRT could also see price increases.
| Ticker / NAME | Correlation To FUBO | 1D Price Change % | ||
|---|---|---|---|---|
| FUBO | 100% | +2.60% | ||
| IHRT - FUBO | 46% Loosely correlated | +2.30% | ||
| SSP - FUBO | 37% Loosely correlated | -2.81% | ||
| LSXMK - FUBO | 36% Loosely correlated | +0.84% | ||
| GTN - FUBO | 34% Loosely correlated | -2.82% | ||
| CURI - FUBO | 34% Loosely correlated | -3.67% | ||
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