AI Trading Robot,Swing trader: Downtrend Protection v.2 (TA), Boosts SKLZ by 4.44% in a Last Week
Artificial Intelligence (AI) has been making significant strides in the financial sector, with AI trading robots becoming increasingly popular among traders and investors. One such AI trading robot made headlines last week when it generated a 4.44% profit for Skillz Inc. (SKLZ) shares. In this article, we will analyze the recent performance of SKLZ and discuss the potential for further gains based on technical indicators and historical data.
SKLZ Breaks Above 50-Day Moving Average
On May 5, 2023, SKLZ moved above its 50-day moving average, signaling a potential shift from a downward trend to an upward trend. This technical indicator is often used by traders and investors to identify a change in the stock's direction. In the case of SKLZ, this positive shift in trend may lead to further gains in the coming weeks.
Historical Odds Support Continued Upward Trend
A review of historical data reveals that, in 10 out of 11 similar past instances, the stock price of SKLZ increased further within the following month. This translates to a 90% probability of a continued upward trend for the stock. This high probability is an encouraging sign for investors who are considering adding SKLZ to their portfolios.
AI Trading Robot Capitalizes on Upward Trend
The AI trading robot that generated a 4.44% profit for SKLZ last week took advantage of this upward trend by leveraging advanced algorithms and real-time data analysis. By identifying the shift in trend early on, the AI trading robot was able to capitalize on the momentum and deliver significant gains to investors.
While past performance is not a guarantee of future results, the historical data and recent technical indicators suggest that SKLZ has a strong likelihood of continuing its upward trajectory. This successful trade by the AI trading robot highlights the potential for AI-powered trading systems to generate profits for investors in an increasingly complex and data-driven financial landscape.
The recent 4.44% profit generated by an AI trading robot for SKLZ showcases the power of artificial intelligence in the world of trading and investing. With the stock breaking above its 50-day moving average and historical data supporting a 90% chance of continued upward movement, investors may want to keep a close eye on SKLZ in the coming weeks. As AI-driven trading systems continue to evolve and improve, we can expect to see more instances of these robots capitalizing on market trends and delivering impressive returns for investors.
SKLZ saw its Momentum Indicator move below the 0 level on March 14, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 58 similar instances where the indicator turned negative. In of the 58 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for SKLZ turned negative on March 04, 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 30 similar instances when the indicator turned negative. In of the 30 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for SKLZ crossed bearishly below the 50-day moving average on March 27, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SKLZ 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 7 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.
SKLZ moved above its 50-day moving average on March 27, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SKLZ advanced for three days, in of 196 cases, the price rose further within the following month. The odds of a continued upward trend are .
SKLZ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 152 cases where SKLZ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.548) is normal, around the industry mean (28.767). P/E Ratio (0.000) is within average values for comparable stocks, (148.690). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.798). Dividend Yield (0.000) settles around the average of (0.085) among similar stocks. P/S Ratio (0.806) is also within normal values, averaging (77.911).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SKLZ’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. SKLZ’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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a blank check company, which intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization
Industry PackagedSoftware