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 may jump up because it broke its lower Bollinger Band on December 16, 2024
WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where WKHS's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
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 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 125 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 10-day RSI Indicator for WKHS moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on December 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 82 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 WKHS turned negative on November 22, 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 32 similar instances when the indicator turned negative. In of the 32 cases the stock turned lower in the days that followed. This puts the odds of success at .
WKHS moved below its 50-day moving average on December 16, 2024 date and that indicates a change from an upward trend to a downward trend.
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 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 89, placing this stock worse than average.
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a manufactures of high performance, medium duty trucks
Industry MotorVehicles