AI-Driven Trading System Nets +3.83% Return on $ATER Holdings
The Swing trader: Volatility Balanced Strategy v.2 (TA) trading bot, which has recently showcased its prowess by generating a remarkable +3.83% gain while trading ATER over the past week. However, beneath this impressive performance, there are indications of potential market shifts that traders should be mindful of. In this article, we'll analyze the earning results and explore the implications of technical indicators, specifically the 10-day RSI Indicator, to understand the broader implications for ATER.
Earnings Results and Market Capitalization
According to the last earnings report on May 09, ATER reported earnings per share of -34 cents, which fell significantly short of the estimated -15 cents. These results can be seen as a fundamental factor contributing to the stock's overall performance. With 1.92 million shares outstanding, the current market capitalization stands at 39.51 million, which is a crucial metric for evaluating the company's overall value.
Technical Analysis - 10-day RSI Indicator
One technical indicator that traders use to gauge the stock's momentum and potential overbought or oversold conditions is the Relative Strength Index (RSI). This oscillator ranges from 0 to 100 and provides insights into the stock's recent price movements. When the RSI crosses above 70, it is considered overbought, suggesting that the stock may be due for a price correction. Conversely, when it drops below 30, it is considered oversold, indicating a potential price recovery.
On July 13, 2023, ATER's 10-day RSI Indicator moved out of overbought territory, signaling a shift in the stock's upward trend. Traders often interpret this as a potential bearish signal, prompting them to consider selling the stock or purchasing put options. In support of this analysis, Tickeron's A.I.dvisor observed 19 similar instances where the RSI moved out of the overbought zone, and in 18 out of those 19 cases, the stock moved lower in the following days. This suggests a considerable 90% probability of a downward move.
Implications for Traders
While the AI trading robot, Swing trader: Volatility Balanced Strategy v.2 (TA), managed to generate impressive gains for ATER in the past week, traders should be wary of the bearish signals indicated by the 10-day RSI Indicator. The negative earnings report from May 09 could continue to impact the stock's performance in the short term.
Traders may want to closely monitor the RSI and other technical indicators for confirmation of the downward trend before making trading decisions. Additionally, keeping a close eye on ATER's earnings releases and any significant fundamental developments will be crucial in understanding the stock's future trajectory.
Conclusion
AI trading robots, exemplified by the Swing trader: Volatility Balanced Strategy v.2 (TA), have demonstrated their potential in delivering significant gains for traders. However, as evidenced by the recent performance of ATER, investors must remain vigilant about potential market shifts. The 10-day RSI Indicator's movement out of overbought territory and the negative earnings report highlight the importance of combining technical analysis with fundamental factors to make informed trading decisions.
ATER in -4.92% downward trend, declining for three consecutive days on September 22, 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 ATER declined for three days, in of 295 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 31, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ATER as a result. In of 72 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 Aroon Indicator for ATER entered a downward trend on September 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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.
The Moving Average Convergence Divergence (MACD) for ATER just turned positive on August 28, 2023. Looking at past instances where ATER's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where ATER advanced for three days, in of 233 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.552) is normal, around the industry mean (9.044). P/E Ratio (0.000) is within average values for comparable stocks, (21.726). ATER's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.107). Dividend Yield (0.000) settles around the average of (0.052) among similar stocks. P/S Ratio (0.118) is also within normal values, averaging (8.273).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ATER’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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. ATER’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 83, placing this stock worse than average.
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 technology enabled consumer products company. Its product categories include home and kitchen appliances, kitchenware, environmental appliances, beauty related products and consumer electronics. The company was founded by Yaniv Sarig Zion in 2014 and is headquartered in New York, NY.
Industry HomeFurnishings
ATER and
Correlation & Price change
A.I.dvisor tells us that ATER and WHR have been poorly correlated (+31% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that ATER and WHR's prices will move in lockstep.
| Ticker / NAME | Correlation To ATER | 1D Price Change % | ||
|---|---|---|---|---|
| ATER | 100% | -1.80% | ||
| WHR - ATER | 31% Poorly correlated | -1.30% | ||
| SNBR - ATER | 31% Poorly correlated | -1.73% | ||
| LOVE - ATER | 31% Poorly correlated | N/A | ||
| MLKN - ATER | 29% Poorly correlated | -1.82% | ||
| LZB - ATER | 26% Poorly correlated | -1.27% | ||
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