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May 29, 2023

AI Trading Bot Generates 22.68% Gains for GME, Price Growth Expected

AI Trading Bot Generates Gains of 22.68% for GME

The use of artificial intelligence (AI) in trading has become increasingly prevalent in recent years, and its impact on investment outcomes is remarkable. In a recent development, an AI trading bot has generated impressive gains of 22.68% for GameStop Corp. (GME) shares. This achievement highlights the potential of AI technology in identifying profitable trading opportunities.

Following this substantial gain, market analysts have turned their attention to the future prospects of GME. Based on historical data analysis, which focuses on situations where GME experienced a three-day advance, it has been observed that in 205 out of 266 cases, the price of the stock continued to rise within the following month. This statistical insight provides valuable information to investors who are interested in predicting future price movements.

According to the data, there is a 77% chance of a continued upward trend for GME. This indicates a strong probability that the stock price will continue to grow in the near term. While past performance does not guarantee future results, historical patterns suggest a favorable environment for investors.

The +0.82% 3-day advance in GME further supports the positive outlook. This recent price increase adds to the growing confidence in the stock's potential for future growth. It signifies the sustained momentum and investor interest in the company.

Related Ticker: GME

GME in upward trend: price rose above 50-day moving average on October 28, 2024

GME moved above its 50-day moving average on October 28, 2024 date and that indicates a change from a downward trend to an upward trend. In of 47 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 69 cases where GME's Stochastic Oscillator exited the oversold zone 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 October 28, 2024. You may want to consider a long position or call options on GME as a result. In of 88 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 GME just turned positive on October 28, 2024. Looking at past instances where GME'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 .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day moving average for GME crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 GME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

GME broke above its upper Bollinger Band on October 28, 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GME’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 74, placing this stock better than average.

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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (2.740) is normal, around the industry mean (12.064). GME's P/E Ratio (599.500) is considerably higher than the industry average of (36.044). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.694) is also within normal values, averaging (18.679).

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 Home Depot (null:HD), Lowe's Companies (null:LOW), AutoZone (null:AZO), Tractor Supply Company (null:TSCO), Ulta Beauty (null:ULTA), Best Buy Company (null:BBY), Bath & Body Works (null:BBWI), Five Below (null:FIVE), RH (null:RH), Advance Auto Parts (null:AAP).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 8.67B. The market cap for tickers in the group ranges from 4.65K to 380.15B. HD holds the highest valuation in this group at 380.15B. The lowest valued company is SIMPQ at 4.65K.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was -0%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 7%. CANG experienced the highest price growth at 42%, while KXIN experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was 15%. For the same stocks of the Industry, the average monthly volume growth was -35% and the average quarterly volume growth was 0%

Fundamental Analysis Ratings

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

Valuation Rating: 46
P/E Growth Rating: 55
Price Growth Rating: 56
SMR Rating: 69
Profit Risk Rating: 74
Seasonality Score: 30 (-100 ... +100)
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General Information

a retaier of video game products and PC entertainment software

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
625 Westport Parkway
Phone
+1 817 424-2000
Employees
23500
Web
https://www.gamestop.com
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