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May 09, 2023

AI Swing Trader earns 13.47% on GOLD, MACD+

As a finance analyst, it is essential to keep an eye on the latest developments in the financial markets, especially when it comes to investing in commodities like gold. Recently, there has been a lot of buzz surrounding the use of AI-powered trading bots, which are becoming increasingly popular among traders and investors alike. One such bot that has been making waves in the trading world is the Swing Trader TA-FA, which has generated a remarkable 13.47% return for gold investors.

Before delving into the specifics of the Swing Trader TA-FA and its performance, it is worth noting that gold is often considered a safe-haven asset, meaning that it tends to hold its value or even appreciate during times of market volatility or economic uncertainty. This is due to a variety of factors, including its limited supply, high demand, and historical significance as a store of value. As such, gold has been a popular investment choice for centuries, and its allure shows no signs of diminishing anytime soon.

With that said, let's turn our attention to the Swing Trader TA-FA, an AI-powered trading bot that uses a combination of technical analysis (TA) and fundamental analysis (FA) to identify profitable trading opportunities. TA involves analyzing charts and other technical indicators to identify trends, while FA involves examining economic and financial data to identify undervalued or overvalued assets.

The Swing Trader TA-FA has been specifically designed to analyze gold prices and identify trading opportunities that are likely to generate positive returns. It uses a variety of indicators and algorithms to identify trends, support and resistance levels, and other key factors that can influence gold prices.

So, what has the Swing Trader TA-FA achieved so far? Well, as mentioned earlier, it has generated a remarkable 13.47% return for gold investors. This is a significant achievement, especially considering the current market conditions, which have been volatile and unpredictable due to a range of factors, including the ongoing COVID-19 pandemic, geopolitical tensions, and economic uncertainty.

Furthermore, it is worth noting that the Swing Trader TA-FA's success has been backed up by other indicators, such as the MACD Histogram. The MACD Histogram is a popular technical indicator used by traders to identify trend reversals and momentum shifts. When the MACD Histogram turns positive, it is generally considered a bullish signal, suggesting that the price of the underlying asset is likely to rise.

In the case of gold, the MACD Histogram recently turned positive, indicating that there is potential for further upside in the price of gold. This is a positive sign for investors who are using the Swing Trader TA-FA, as it suggests that the trading bot's bullish outlook on gold prices is supported by other technical indicators.

Of course, it is important to remember that no trading bot or investment strategy is foolproof. Market conditions can change rapidly, and there is always a risk of losses when investing in any asset, including gold. However, the Swing Trader TA-FA's success so far is certainly worth paying attention to, especially for investors who are looking for a more systematic and data-driven approach to investing in gold.

Swing Trader TA-FA is an AI-powered trading bot that has generated an impressive 13.47% return for gold investors. Its success has been backed up by other technical indicators, such as the MACD Histogram, which recently turned positive, suggesting that there is further potential for an upside in the price of gold. 

Related Ticker: GOLD

GOLD in downward trend: price expected to drop as it breaks its higher Bollinger Band on July 16, 2024

GOLD broke above its upper Bollinger Band on July 16, 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. The A.I.dvisor looked at 38 similar instances where the stock broke above the upper band. In of the 38 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for GOLD moved out of overbought territory on July 18, 2024. 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 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where GOLD's Stochastic Oscillator exited the overbought zone, the price fell further within 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 GOLD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 24, 2024. You may want to consider a long position or call options on GOLD as a result. In of 86 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 GOLD just turned positive on June 24, 2024. Looking at past instances where GOLD'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 .

GOLD moved above its 50-day moving average on July 03, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for GOLD crossed bullishly above the 50-day moving average on July 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 GOLD advanced for three days, in of 300 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 222 cases where GOLD 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

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 86%.

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 (1.268) is normal, around the industry mean (6.925). P/E Ratio (23.417) is within average values for comparable stocks, (78.811). Projected Growth (PEG Ratio) (1.923) is also within normal values, averaging (8.405). Dividend Yield (0.024) settles around the average of (0.040) among similar stocks. P/S Ratio (2.596) is also within normal values, averaging (148.937).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOLD’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 that the returns do not compensate for the risks. GOLD’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 88, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 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 Newmont Corp (NYSE:NEM), Barrick Gold Corp (NYSE:GOLD), Wheaton Precious Metals Corp (NYSE:WPM), Gold Fields Ltd (NYSE:GFI), Kinross Gold Corp (NYSE:KGC), Pan American Silver Corp (NYSE:PAAS), Hecla Mining Company (NYSE:HL), FIRST MAJESTIC SILVER Corp (NYSE:AG), SSR Mining (NASDAQ:SSRM).

Industry description

The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.

Market Cap

The average market capitalization across the Precious Metals Industry is 963.13M. The market cap for tickers in the group ranges from 575 to 47.49B. ZIJMY holds the highest valuation in this group at 47.49B. The lowest valued company is DRIFF at 575.

High and low price notable news

The average weekly price growth across all stocks in the Precious Metals Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 9,383%. GSRCF experienced the highest price growth at 398%, while VGGOF experienced the biggest fall at -75%.

Volume

The average weekly volume growth across all stocks in the Precious Metals Industry was -4%. For the same stocks of the Industry, the average monthly volume growth was 3% and the average quarterly volume growth was -2%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 77
Price Growth Rating: 49
SMR Rating: 90
Profit Risk Rating: 88
Seasonality Score: 16 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a miner and explorer of gold

Industry PreciousMetals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
161 Bay Street, Brookfield Place
Phone
+1 416 861-9911
Employees
24600
Web
https://www.barrick.com
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