AI Trading Bot Generates 10.52% Gains for CROX; Momentum Indicator Signals New Upward Trend
The use of artificial intelligence (AI) in the financial industry has been gaining momentum, and recent developments in AI-based trading bots are showcasing their potential for generating significant gains. One such example is the AI Trading Bot which has successfully produced a notable 10.52% gain for CROX.
CROX, a renowned footwear company, has witnessed a positive turn in its momentum indicator, signaling the emergence of a new upward trend. This development aligns with the impressive gains generated by the AI Trading Bot, suggesting that the bot's algorithm has accurately identified opportunities and capitalized on them.
The utilization of AI in trading bots brings several advantages to the table. AI algorithms have the ability to analyze vast amounts of data, including historical price movements, market trends, news sentiment, and various other relevant factors that impact stock performance. By leveraging this extensive analysis, AI-based trading bots can identify patterns, make predictions, and execute trades with speed and precision, potentially yielding favorable results.
The recent success of the AI Trading Bot with CROX highlights the potential benefits of incorporating AI technology into financial analytics and decision-making processes. Investors and traders can utilize AI tools to gain valuable insights and make data-driven decisions, ultimately enhancing their overall trading strategies.
However, it is important to note that while AI-based trading bots can be powerful tools, they are not immune to risks and uncertainties. The financial markets are complex and subject to various factors that can influence stock prices. Therefore, it is crucial to exercise caution and perform thorough research before making any investment decisions, even when relying on AI-generated insights.
CROX's Indicator enters downward trend
The Aroon Indicator for CROX entered a downward trend on September 19, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 135 similar instances where the Aroon Indicator formed such a pattern. In of the 135 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 06, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CROX as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CROX turned negative on September 13, 2023. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CROX 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 RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CROX advanced for three days, in of 337 cases, the price rose further within the following month. The odds of a continued upward trend are .
CROX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CROX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 (4.460) is normal, around the industry mean (2.924). P/E Ratio (8.045) is within average values for comparable stocks, (27.096). CROX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.705). CROX has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (1.385) is also within normal values, averaging (1.644).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a retailer of footwear for men, women and children
Industry ApparelFootwear
CROX and
Correlation & Price change
A.I.dvisor indicates that over the last year, CROX has been closely correlated with DECK. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if CROX jumps, then DECK could also see price increases.
| Ticker / NAME | Correlation To CROX | 1D Price Change % | ||
|---|---|---|---|---|
| CROX | 100% | +0.43% | ||
| DECK - CROX | 66% Closely correlated | +1.07% | ||
| SKX - CROX | 58% Loosely correlated | -0.31% | ||
| UA - CROX | 57% Loosely correlated | -0.94% | ||
| UAA - CROX | 56% Loosely correlated | -1.15% | ||
| PVH - CROX | 53% Loosely correlated | -0.50% | ||
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