AI Trading bot Generates 5.47% Profit for BBIG Last Week - A Technical Analysis
Last week, Vinco Ventures Inc. (BBIG) witnessed a positive trend, yielding a 5.47% return for investors. This article will analyze the performance, shedding light on the contributing factors and exploring the potential future trajectory of the stock based on these factors.
One of the crucial metrics signaling this upward trend was the movement of the Stochastic Oscillator, which shifted from an oversold territory for BBIG on July 07, 2023. Generally, a stock is considered 'oversold' when the oscillator falls below 20, which could indicate that the asset is undervalued and hence may be primed for a price rebound.
On July 07, the Stochastic Oscillator for BBIG moved back above this critical 20 mark, a move that could be perceived as a bullish sign. Historically, the emergence from an oversold condition has been linked with an increase in a stock's price, and traders often consider such movements as a signal to buy the stock or buy call options.
The AI trading robot, Tickeron's A.I.dvisor, provides further support to this bullish view by statistically analyzing past instances of BBIG's Stochastic Oscillator exiting the oversold zone. The A.I.dvisor reviewed 63 such instances, noting that in 56 of them, the stock witnessed an upward trajectory in the subsequent trading days. This correlation implies an impressive success rate of over 89%, significantly boosting the odds for a potential upward price movement.
These statistical patterns play a vital role in predictive modeling, where algorithms like the ones employed by Tickeron's A.I.dvisor sift through heaps of historical data to identify repeating trends. It is this capability that has allowed the AI to forecast BBIG's recent profitable run.
Implications for Traders and Investors
The impressive 5.47% profit generated by BBIG last week signifies the potential effectiveness of using AI-based predictive models and technical indicators in making informed trading decisions. While the Stochastic Oscillator signaled a potential upward movement, the A.I.dvisor further validated this by referencing historical data, thereby providing an evidence-backed rationale for this bullish forecast.
However, as is the case with any form of predictive analysis, these predictions should be used as a part of a comprehensive trading strategy rather than as standalone buy or sell signals. Other aspects, including company fundamentals, market conditions, and broader economic trends, should also be considered when making investment decisions.
The past week has demonstrated that integrating AI technologies in stock market trading can significantly aid in recognizing potential trading opportunities. With its recent performance, BBIG provides an insightful case study of this emerging trend, shedding light on how AI and technical analysis can work in tandem to forecast stock price movements effectively.
BBIG's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Oscillator for BBIG moved out of overbought territory on July 28, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 21 instances where the indicator moved out of the overbought zone. In of the 21 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on July 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BBIG as a result. In of 92 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 BBIG turned negative on July 31, 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 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
BBIG moved below its 50-day moving average on July 28, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BBIG broke above its upper Bollinger Band on July 21, 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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.
The 10-day moving average for BBIG crossed bullishly above the 50-day moving average on July 19, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 +9 3-day Advance, the price is estimated to grow further. Considering data from situations where BBIG advanced for three days, in of 202 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 96 cases where BBIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.498) is normal, around the industry mean (23.379). P/E Ratio (0.040) is within average values for comparable stocks, (31.215). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.721). Dividend Yield (0.000) settles around the average of (0.064) among similar stocks. P/S Ratio (1.433) is also within normal values, averaging (3.876).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BBIG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBIG’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 84, placing this stock worse than average.
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 provider of product development, designing, warehousing and logistics services
Industry RecreationalProducts
BBIG and
Correlation & Price change
A.I.dvisor tells us that BBIG and MBUU have been poorly correlated (+27% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BBIG and MBUU's prices will move in lockstep.
| Ticker / NAME | Correlation To BBIG | 1D Price Change % | ||
|---|---|---|---|---|
| BBIG | 100% | -24.66% | ||
| MBUU - BBIG | 27% Poorly correlated | -6.85% | ||
| REE - BBIG | 24% Poorly correlated | -4.72% | ||
| HOG - BBIG | 23% Poorly correlated | -1.00% | ||
| BC - BBIG | 23% Poorly correlated | -2.70% | ||
| PTON - BBIG | 22% Poorly correlated | N/A | ||
More | ||||