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May 09, 2023

AI Robot Boosts GE by 14.75% and Aroon Indicator Signals Upward Trend

Artificial Intelligence (AI) has proven to be a game-changer in the financial world, with its ability to analyze vast amounts of data quickly and accurately. General Electric (GE) is one company that has recently seen the benefits of incorporating AI into its investment strategy. In the first quarter of 2023, an AI-powered robot generated a return of 14.75% for GE, outperforming the S&P 500, which returned 11.87%.

This impressive performance is a testament to the power of AI in investment decision-making. The robot was able to analyze market data, identify patterns and trends, and make investment decisions based on that analysis. By doing so, it was able to generate a higher return for GE than would have been possible through traditional investment methods.

In addition to the robot-generated returns, the Aroon Indicator, a popular technical analysis tool, is also showing a potential upward move for GE. The Aroon Indicator measures the strength of a trend and can provide insight into future price movements. In this case, the indicator is suggesting that GE's stock price may be on the rise, which could lead to further gains for investors.

It's worth noting that while AI can be a powerful tool for investment decision-making, it's not a foolproof solution. There are still risks involved in investing, and even the most sophisticated AI algorithms can't predict the future with complete accuracy. Investors should always do their own research and consult with a financial advisor before making any investment decisions.

Overall, the combination of a successful robot-generated return and a positive signal from the Aroon Indicator is good news for GE investors. It demonstrates the potential benefits of incorporating AI into investment strategies and highlights the value of technical analysis tools like the Aroon Indicator.

Related Ticker: GE

GE in -1.78% downward trend, declining for three consecutive days on March 25, 2024

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 GE declined for three days, in of 289 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Moving Average Convergence Divergence Histogram (MACD) for GE turned negative on March 25, 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 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .

GE broke above its upper Bollinger Band on March 27, 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.

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GE advanced for three days, in of 313 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 336 cases where GE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 71, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 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 (7.194) is normal, around the industry mean (4.910). P/E Ratio (22.571) is within average values for comparable stocks, (48.089). Projected Growth (PEG Ratio) (1.379) is also within normal values, averaging (2.218). Dividend Yield (0.002) settles around the average of (0.022) among similar stocks. P/S Ratio (2.913) is also within normal values, averaging (11.196).

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.

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 8.83B. The market cap for tickers in the group ranges from 1.55K to 196.92B. GE holds the highest valuation in this group at 196.92B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 0%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 10%. NSGP experienced the highest price growth at 48%, while HBGRF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was -36%. For the same stocks of the Industry, the average monthly volume growth was 32% and the average quarterly volume growth was 37%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 65
Price Growth Rating: 49
SMR Rating: 65
Profit Risk Rating: 71
Seasonality Score: -4 (-100 ... +100)
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GEDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
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published General Information

General Information

a manufacturer of products for the generation, transmission, distribution, control and utilization of electricity; manufactures aircraft engines and medical equipment

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
Industrial Conglomerates
Address
One Financial Center
Phone
+1 617 443-3000
Employees
125000
Web
https://www.ge.com
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