Last week, an AI trading robot generated 5.42% growth for WKHS.
Last week, an AI trading robot generated 5.42% growth for WKHS, the American electric vehicle manufacturer. While this performance might appear impressive, it's important to consider the broader market trends and technical indicators to get a better understanding of the stock's trajectory.
One important indicator to consider is the 50-day moving average, which represents the average closing price of a stock over the past 50 trading days. On March 01, 2023, WKHS moved below its 50-day moving average, which indicates a change from an upward trend to a downward trend. This can be seen as a bearish signal for the stock, as it suggests that the momentum is no longer in favor of buyers.
To assess the potential impact of this development, we can look at similar past instances where WKHS moved below its 50-day moving average. In 28 of 30 similar past instances, the stock price decreased further within the following month. This indicates that the odds of a continued downward trend are quite high, at around 90%.
It's worth noting that technical analysis is just one tool in a trader's toolkit, and there are many other factors that can influence a stock's price movements. For example, news events, market sentiment, and changes in industry trends can all have an impact on a stock's performance.
WKHS in upward trend: price rose above 50-day moving average on November 05, 2024
WKHS moved above its 50-day moving average on November 05, 2024 date and that indicates a change from a downward trend to an upward trend. In of 38 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 11, 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 .
The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on November 07, 2024. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in of 34 cases over the following month. The odds of a continued upward trend are .
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 14 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 .
Following a +8 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 139 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
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
WKHS broke above its upper Bollinger Band on November 11, 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 steady price growth. WKHS’s price grows at a higher 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 (6.142). P/E Ratio (3.200) is within average values for comparable stocks, (18.218). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.723). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (3.588) is also within normal values, averaging (78.580).
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 88, placing this stock worse than average.
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General Information
a manufactures of high performance, medium duty trucks
Industry MotorVehicles