AI Trading Bot Generates 9.61% Gains for TSLA, Aroon Indicator Signals Bullish Move
An AI trading bot has recently generated impressive gains of 9.61% for Tesla (TSLA) stock. In addition to this positive performance, the Aroon Indicator for TSLA has signaled a potential upward move. On May 25, 2023, TSLA's Aroon Indicator triggered a bullish signal, as analyzed by Tickeron's A.I.dvisor.
The Aroon Indicator consists of two lines: the AroonUp line, depicted in green, and the AroonDown line, shown in red. When the AroonUp line surpasses 70 and the AroonDown line remains below 30, it indicates a potential bullish move for the stock. Traders often consider this situation as an opportunity to either buy the stock or explore buying call options.
To assess the reliability of this pattern, AI examined 295 similar instances where the Aroon Indicator displayed a comparable configuration. Out of these instances, in 268 cases, the stock price moved higher in the following days. This suggests that there is a 90% probability of TSLA experiencing an upward movement.
With the AI trading bot generating notable gains and the Aroon Indicator indicating a potential bullish move, investors and traders may find these insights valuable in their decision-making process. However, it is important to note that past performance and historical patterns do not guarantee future outcomes. As with any investment decision, it is advisable to conduct thorough research and consider multiple factors before making any trading or investment choices.
Aroon Indicator for TSLA shows an upward move is likely
TSLA's Aroon Indicator triggered a bullish signal on September 26, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 334 similar instances where the Aroon Indicator showed a similar pattern. In of the 334 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 TSLA crossed bullishly above the 50-day moving average on September 13, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TSLA as a result. In of 75 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 TSLA turned negative on September 22, 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 .
TSLA moved below its 50-day moving average on September 21, 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 TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TSLA broke above its upper Bollinger Band on September 11, 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.
Fundamental Analysis (Ratings)
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 85, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher 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 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.
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 (15.291) is normal, around the industry mean (6.790). TSLA has a moderately high P/E Ratio (70.423) as compared to the industry average of (20.513). Projected Growth (PEG Ratio) (2.092) is also within normal values, averaging (5.668). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (9.107) is also within normal values, averaging (51.841).
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of electric sports cars
Industry MotorVehicles
TSLA and
Correlation & Price change
A.I.dvisor indicates that over the last year, TSLA has been loosely correlated with RIVN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if TSLA jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To TSLA | 1D Price Change % | ||
|---|---|---|---|---|
| TSLA | 100% | +1.59% | ||
| RIVN - TSLA | 57% Loosely correlated | +5.24% | ||
| LCID - TSLA | 53% Loosely correlated | +0.90% | ||
| RACE - TSLA | 48% Loosely correlated | +0.37% | ||
| HMC - TSLA | 45% Loosely correlated | -3.44% | ||
| TM - TSLA | 45% Loosely correlated | -1.46% | ||
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