AI Day Trader Generates 14.19% for FTNT with Long Bias Strategy, Upward Trend Expected
The world of finance has undergone significant changes with the increasing use of artificial intelligence in trading. One of the most notable developments in this field is the emergence of AI bot day traders. These bots utilize various trading strategies, including technical analysis (TA) and fundamental analysis (FA), to identify profitable trades in the stock market.
Recently, an AI bot day trader using a long bias strategy that combines TA and FA generated impressive returns of 14.19% for the popular stock FTNT. This is a testament to the effectiveness of AI in identifying profitable trades.
Moreover, the upward trend of FTNT indicates that the stock may continue to rise in value. This trend is further supported by the fact that FTNT has broken its lower Bollinger Band, which is a technical indicator used to identify oversold conditions in stock. When a stock breaks its lower Bollinger Band, it is a signal that the stock is undervalued, and it may ascend in price in the near future.
As finance analytics, it is crucial to understand the role of AI in trading and the various trading strategies that AI bots use. The success of the long bias strategy in generating returns for FTNT is a clear example of how AI is transforming the finance industry. It is important to keep up with the latest developments in this field to remain competitive in the market.
FTNT in -4.21% downward trend, declining for three consecutive days on May 24, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where FTNT declined for three days, in of 236 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for FTNT moved out of overbought territory on June 06, 2023. 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 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
FTNT broke above its upper Bollinger Band on June 05, 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 Momentum Indicator moved above the 0 level on June 05, 2023. You may want to consider a long position or call options on FTNT as a result. In of 96 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 FTNT just turned positive on June 05, 2023. Looking at past instances where FTNT's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
FTNT moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for FTNT crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 3-day Advance, the price is estimated to grow further. Considering data from situations where FTNT advanced for three days, in of 365 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 345 cases where FTNT 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. FTNT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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: FTNT's P/B Ratio (5000.000) is very high in comparison to the industry average of (31.602). P/E Ratio (57.803) is within average values for comparable stocks, (167.831). Projected Growth (PEG Ratio) (2.661) is also within normal values, averaging (4.163). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (11.751) is also within normal values, averaging (77.338).
Notable companies
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
a provider of threat management and network security solutions
Industry PackagedSoftware
FTNT and
Correlation & Price change
A.I.dvisor indicates that over the last year, FTNT has been closely correlated with LSPD. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if FTNT jumps, then LSPD could also see price increases.
| Ticker / NAME | Correlation To FTNT | 1D Price Change % | ||
|---|---|---|---|---|
| FTNT | 100% | -2.43% | ||
| LSPD - FTNT | 69% Closely correlated | +3.19% | ||
| PANW - FTNT | 65% Loosely correlated | -0.91% | ||
| INTU - FTNT | 62% Loosely correlated | +1.28% | ||
| PLUS - FTNT | 60% Loosely correlated | +4.30% | ||
| QLYS - FTNT | 60% Loosely correlated | +2.42% | ||
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