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May 28, 2023

AI Trading Bot Generates 6.56% Gains for AMAT, Aroon Indicator Signals Uptrend

AI Trading Bot Generates Impressive Gains of 6.56% for AMAT

In a recent development, an AI trading bot has achieved significant gains of 6.56% for AMAT, a leading company in the market. This accomplishment highlights the potential and effectiveness of utilizing artificial intelligence in the field of finance and investment.

The AI trading bot employs sophisticated algorithms and machine learning techniques to analyze vast amounts of financial data, including historical price trends, market indicators, and other relevant factors. By continuously learning and adapting to changing market conditions, the bot aims to identify profitable trading opportunities and make informed investment decisions.

Furthermore, the Aroon Indicator, a widely used technical analysis tool, has entered an uptrend today for AMAT. This indicator measures the strength and direction of a trend, providing valuable insights into potential market movements. Remarkably, historical data reveals that in 178 out of 261 instances where the AMAT Aroon Indicator entered an uptrend, the price continued to rise further within the following month.

Based on this historical trend, the odds of a continued uptrend for AMAT are estimated to be around 68%. While past performance does not guarantee future results, this statistical analysis suggests a favorable probability of further price appreciation for the company in the near term.

The success of the AI trading bot in generating substantial gains for AMAT, combined with the positive outlook provided by the Aroon Indicator's uptrend, underscores the potential benefits of incorporating technology and advanced analytics in finance. As AI continues to evolve and improve, it has the potential to revolutionize the way we approach investment strategies and navigate the complexities of the market.

Related Ticker: AMAT

AMAT in upward trend: 10-day moving average crossed above 50-day moving average on May 14, 2024

The 10-day moving average for AMAT crossed bullishly above the 50-day moving average on May 14, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 05, 2024. You may want to consider a long position or call options on AMAT as a result. In of 86 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 AMAT just turned positive on June 07, 2024. Looking at past instances where AMAT'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 AMAT advanced for three days, in of 313 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 261 cases where AMAT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AMAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AMAT broke above its upper Bollinger Band on June 10, 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.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 61%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AMAT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 61, placing this stock better than average.

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 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 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 (9.950) is normal, around the industry mean (7.038). P/E Ratio (24.546) is within average values for comparable stocks, (56.277). Projected Growth (PEG Ratio) (2.493) is also within normal values, averaging (3.252). Dividend Yield (0.006) settles around the average of (0.019) among similar stocks. P/S Ratio (6.631) is also within normal values, averaging (28.776).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 50.28B. The market cap for tickers in the group ranges from 13.43K to 3.24T. NVDA holds the highest valuation in this group at 3.24T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 21%. SESMF experienced the highest price growth at 50%, while QNCCF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -3%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 80%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 47
Price Growth Rating: 49
SMR Rating: 69
Profit Risk Rating: 61
Seasonality Score: 1 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
published General Information

General Information

a manufacturer of equipment and software for the semiconductor industries

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Electronic Production Equipment
Address
3050 Bowers Avenue
Phone
+1 408 727-5555
Employees
34000
Web
https://www.appliedmaterials.com
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