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Jul 03, 2023

AI Trading Bots Show Promising Results as Swing Trader: Top High-Volatility Stocks v.2 (TA) Generates +3.25% Gain Trading OPEN

Artificial Intelligence (AI) has revolutionized the world of trading, and the recent performance of AI trading robots in the Swing Trader: Top High-Volatility Stocks v.2 (TA) is a testament to their potential. In the previous week, these AI-powered bots demonstrated their prowess by generating an impressive gain of +3.25% while trading OPEN. This article will delve into the recent earnings results of OPEN and analyze the significance of technical indicators for potential investors.

Analyzing Technical Indicators:

One crucial aspect of technical analysis is observing moving averages, which provide insights into the stock's long-term trend. On June 21, 2023, the 50-day moving average for OPEN crossed above the 200-day moving average. This occurrence, known as a "golden cross," is often regarded as a bullish signal for the stock. The upward shift in the moving averages indicates a potential long-term upward trend for OPEN.

Earnings Report Highlights:

The latest earnings report for OPEN, released on May 04, revealed a surprising performance. The company reported earnings per share (EPS) of 15 cents, surpassing the estimated figure of -61 cents. This positive earnings surprise indicates that OPEN outperformed analysts' expectations by a significant margin. With 20.12 million shares outstanding, the current market capitalization of OPEN stands at 2.21 billion dollars.

Implications for Investors:

The impressive earnings report coupled with the bullish technical signal offers valuable insights for investors considering OPEN. The earnings beat suggests that the company's financial performance has improved, potentially attracting investor confidence. Moreover, the bullish signal from the moving averages aligns with the positive earnings, reinforcing the notion of a potential upward trend in the stock's price.

Summary:

AI trading robots, as demonstrated by the Swing Trader: Top High-Volatility Stocks v.2 (TA), have showcased their ability to generate substantial gains, exemplified by their +3.25% gain while trading OPEN in the previous week. The crossing of the 50-day moving average above the 200-day moving average further suggests a potential long-term bullish trend. Additionally, OPEN's latest earnings report, with earnings per share surpassing expectations, indicates a positive shift in the company's financial performance. These factors combined make OPEN an intriguing option for investors seeking opportunities in the market.

Related Ticker: OPEN

OPEN sees MACD Histogram just turned negative

OPEN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 14, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 32 instances where the indicator turned negative. In of the 32 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OPEN as a result. In of 59 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

OPEN moved below its 50-day moving average on August 31, 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 OPEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for OPEN entered a downward trend on August 29, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 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 Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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.

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where OPEN advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .

OPEN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

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 (1.475) is normal, around the industry mean (4.279). P/E Ratio (0.000) is within average values for comparable stocks, (38.777). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.494). Dividend Yield (0.000) settles around the average of (0.057) among similar stocks. P/S Ratio (0.137) is also within normal values, averaging (12.794).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. OPEN’s price grows at a lower rate over the last 12 months as compared to 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. OPEN’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 89, placing this stock worse than average.

Industry description

Activities range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Demand for land development business is driven by GDP growth, employment rates, interest rates, and access to/cost of capital. For individual companies in this industry, proper cost estimation and successful bidding play critical roles in their profitability. Large companies could potentially have greater access to capital, while smaller companies can specialize in a specific geographic area or market niche. CBRE Group, VICI Properties Inc and Brookfield Property Partners L.P. are some of the large companies in this industry.

Market Cap

The average market capitalization across the Real Estate Development Industry is 4.52B. The market cap for tickers in the group ranges from 487 to 165.37B. TMHTY holds the highest valuation in this group at 165.37B. The lowest valued company is SHIOF at 487.

High and low price notable news

The average weekly price growth across all stocks in the Real Estate Development Industry was 0%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 9%. WETHD experienced the highest price growth at 793%, while SGDVV experienced the biggest fall at -63%.

Volume

The average weekly volume growth across all stocks in the Real Estate Development Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was -1% 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: 42
P/E Growth Rating: 61
Price Growth Rating: 62
SMR Rating: 74
Profit Risk Rating: 88
Seasonality Score: -14 (-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

Industry RealEstateDevelopment

Profile
Fundamentals
Details
Industry
N/A
Address
410 N. Scottsdale Road
Phone
+1 480 618-6760
Employees
2570
Web
https://www.opendoor.com
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OPEN and

Correlation & Price change

A.I.dvisor indicates that over the last year, OPEN has been closely correlated with RDFN. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if OPEN jumps, then RDFN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OPEN
1D Price
Change %
OPEN100%
-2.88%
RDFN - OPEN
74%
Closely correlated
-1.01%
COMP - OPEN
57%
Loosely correlated
-5.92%
EXPI - OPEN
56%
Loosely correlated
-0.90%
HOUS - OPEN
53%
Loosely correlated
-3.11%
DBRG - OPEN
49%
Loosely correlated
-4.28%
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