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 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 22 cases where SKLZ's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SKLZ's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 07, 2023. You may want to consider a long position or call options on SKLZ as a result. In of 41 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 SKLZ just turned positive on June 06, 2023. Looking at past instances where SKLZ's MACD turned positive, the stock continued to rise in of 22 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 SKLZ advanced for three days, in of 150 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
SKLZ moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SKLZ crossed bearishly below the 50-day moving average on May 11, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 8 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 Aroon Indicator for SKLZ entered a downward trend on June 09, 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.
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 (0.930) is normal, around the industry mean (31.535). P/E Ratio (0.000) is within average values for comparable stocks, (167.703). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.118). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (1.043) is also within normal values, averaging (77.847).
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
1 Day | |||
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MFs / NAME | Price $ | Chg $ | Chg % |
FDSSX | 62.94 | N/A | N/A |
Fidelity® Stock Selec All Cp | |||
PILIX | 10.34 | N/A | N/A |
Principal International Equity Index R1 | |||
BLRAX | 10.94 | N/A | N/A |
Brookfield Global Listed Real Estate A | |||
BINKX | 9.14 | N/A | N/A |
BlackRock Infrastructure Sust Opps K | |||
SBIAX | 9.03 | N/A | N/A |
Sterling Capital Behavioral Intl Eq A |
A.I.dvisor indicates that over the last year, SKLZ has been closely correlated with AFRM. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if SKLZ jumps, then AFRM could also see price increases.
Ticker / NAME | Correlation To SKLZ | 1D Price Change % | ||
---|---|---|---|---|
SKLZ | 100% | +1.20% | ||
AFRM - SKLZ | 67% Closely correlated | -7.75% | ||
COIN - SKLZ | 64% Loosely correlated | -2.95% | ||
CLSK - SKLZ | 62% Loosely correlated | -2.56% | ||
RIOT - SKLZ | 61% Loosely correlated | -2.09% | ||
TDOC - SKLZ | 61% Loosely correlated | -2.22% | ||
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