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Serhii Bond's Avatar
published in Blogs
May 20, 2023

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.

Related Ticker: CROX

CROX's Indicator enters downward trend

The Aroon Indicator for CROX entered a downward trend on June 06, 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 131 similar instances where the Aroon Indicator formed such a pattern. In of the 131 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

The 10-day moving average for CROX crossed bearishly below the 50-day moving average on May 08, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 10 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 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 .

CROX broke above its upper Bollinger Band on June 07, 2023. 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.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where CROX's RSI Oscillator exited the oversold zone, of 24 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 05, 2023. You may want to consider a long position or call options on CROX as a result. In of 77 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 CROX just turned positive on May 31, 2023. Looking at past instances where CROX's MACD turned positive, the stock continued to rise in of 44 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 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 .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 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 83, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CROX’s price grows at a higher 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: CROX's P/B Ratio (7.468) is slightly higher than the industry average of (3.022). P/E Ratio (11.765) is within average values for comparable stocks, (25.338). CROX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.704). Dividend Yield (0.000) settles around the average of (0.043) among similar stocks. P/S Ratio (1.926) is also within normal values, averaging (1.695).

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), Skechers USA (NYSE:SKX), VF Corp (NYSE:VFC), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 5.37B. The market cap for tickers in the group ranges from 1.66K to 163.23B. NKE holds the highest valuation in this group at 163.23B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was 3%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 4%. XELB experienced the highest price growth at 38%, while SAML experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was 3% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

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

Valuation Rating: 45
P/E Growth Rating: 62
Price Growth Rating: 52
SMR Rating: 62
Profit Risk Rating: 82
Seasonality Score: 0 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a retailer of footwear for men, women and children

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
13601 Via Varra
Phone
+1 303 848-7000
Employees
6680
Web
https://www.crocs.com
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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 72% 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CROX
1D Price
Change %
CROX100%
-3.73%
DECK - CROX
72%
Closely correlated
-1.44%
SKX - CROX
69%
Closely correlated
-1.07%
NKE - CROX
68%
Closely correlated
-0.83%
RL - CROX
67%
Closely correlated
-1.09%
PVH - CROX
65%
Loosely correlated
-1.09%
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