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Joe McDawel's Avatar
published in Blogs
May 07, 2023
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AI Swing Trader Robot Generates 4.47% for BIIB in a Week

AI Trading Robot,Swing trader: Long-Short Equity Strategy (TA&FA), Boosts BIIB by 4.47% in a Week

Artificial Intelligence (AI) has been making significant strides in the financial sector, especially in the realm of trading. Recently, an AI trading robot managed to generate a 4.47% gain for the biotechnology company Biogen Inc. (BIIB) within just one week. This impressive result was achieved by the AI utilizing a number of technical indicators, including moving averages. In this article, we will analyze the earnings results and delve into the technical indicators that led to this gain.

The AI trading robot used a combination of the 10-day and 50-day moving averages for BIIB as part of its trading strategy. Moving averages are a popular technical indicator used by traders to identify trends and potential buy and sell signals. On April 6, 2023, the 10-day moving average for BIIB crossed bullishly above the 50-day moving average, indicating a shift in the trend towards the upside and signaling a potential buy opportunity.

Historical analysis reveals that in 14 of the past 20 instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. This translates to a 70% success rate, suggesting that there is a strong probability of a continued upward trend in BIIB's stock price.

Several factors contributed to the AI trading robot's success in generating a 4.47% gain for BIIB last week:

  1. Timely identification of the bullish crossover: The AI trading robot was able to recognize the significance of the 10-day moving average crossing above the 50-day moving average, which is considered a bullish signal. By acting on this signal, the robot was able to capitalize on the upward price movement.

  2. Utilization of historical data: The AI trading robot analyzed past instances of the same crossover event, which provided it with valuable insights into the potential success rate of this trading strategy. By utilizing this historical data, the robot was able to make a more informed decision and increase the probability of generating a positive return.

  3. Adaptive learning: As an AI-based system, the trading robot is capable of learning and adapting to market conditions. By continuously refining its trading strategies and incorporating new information, the AI robot is able to improve its performance over time, which can lead to better returns for investors.

 The AI trading robot's successful 4.47% gain for BIIB last week highlights the potential of AI-driven trading strategies in today's financial markets. By utilizing technical indicators such as moving averages and incorporating historical data, AI trading robots can make more informed decisions and generate better returns for investors. As AI technology continues to advance, we can expect to see even greater improvements in trading performance and an increased adoption of AI-driven trading strategies by both institutional and retail investors.

Related Ticker: BIIB

Notable companies

The most notable companies in this group are Eli Lilly & Co (NYSE:LLY), Johnson & Johnson (NYSE:JNJ), Merck & Co (NYSE:MRK), ABBVIE (NYSE:ABBV), AstraZeneca PLC (NASDAQ:AZN), Pfizer (NYSE:PFE), Amgen (NASDAQ:AMGN), Bristol-Myers Squibb Co (NYSE:BMY), Gilead Sciences (NASDAQ:GILD), Biogen (NASDAQ:BIIB).

Industry description

The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.

Market Cap

The average market capitalization across the Pharmaceuticals: Major Industry is 81.05B. The market cap for tickers in the group ranges from 72.83K to 540.76B. LLY holds the highest valuation in this group at 540.76B. The lowest valued company is CRXTQ at 72.83K.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Major Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 1%. MIRA experienced the highest price growth at 26%, while SCLX experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Major Industry was -19%. For the same stocks of the Industry, the average monthly volume growth was -64% and the average quarterly volume growth was 3%

Fundamental Analysis Ratings

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

Valuation Rating: 28
P/E Growth Rating: 59
Price Growth Rating: 50
SMR Rating: 57
Profit Risk Rating: 67
Seasonality Score: -17 (-100 ... +100)
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General Information

a manufacturer of therapies for people living with neurological, autoimmune and hematologic disorders

Industry PharmaceuticalsMajor

Profile
Fundamentals
Details
Industry
Biotechnology
Address
225 Binney Street
Phone
+1 617 679-2000
Employees
8725
Web
https://www.biogen.com
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BIIB and

Correlation & Price change

A.I.dvisor indicates that over the last year, BIIB has been loosely correlated with AZN. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if BIIB jumps, then AZN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BIIB
1D Price
Change %
BIIB100%
-0.61%
AZN - BIIB
34%
Loosely correlated
-1.38%
JNJ - BIIB
32%
Poorly correlated
-0.77%
MRK - BIIB
29%
Poorly correlated
-0.54%
PFE - BIIB
29%
Poorly correlated
-2.29%
ABBV - BIIB
27%
Poorly correlated
-0.12%
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