AI Trading Robot Exploits Upward Trend, Yielding a Remarkable 29.25% Growth for GME Over the Last Six Months
The best AI trading robot in our robot factory, Swing trader: Downtrend Protection v.2 (TA) generated a return of 29.25% for GME during the past 6 months.
The last six months have seen a fascinating turn of events in the stock market, with GameStop Corp. (GME) demonstrating a remarkable upswing. Aided by a potent AI trading robot, GME stock witnessed a staggering 29.25% growth, a story that has been unfolding steadily and systematically over the period.
On June 9, 2023, a significant development took place when GME's stock price rose above its 50-day moving average, indicating a shift from a downward trend to an upward one. This shift is not a mere anomaly; it plays a pivotal role in analyzing the direction of future stock movement.
Historically, in 41 out of 46 similar instances, GME's stock price increased further within the next month. This amounts to an 89% probability of a continued upward trend. The recent crossover of the 50-day moving average supports this theory, lending credibility to the likelihood of GME's ongoing upward trend.
This shift was not missed by the AI trading robot that has been orchestrating the GME trades. Capitalizing on this trend change, the AI displayed its analytical prowess and adaptability. With its machine learning capabilities, the AI trading robot was able to decipher market patterns and adjust trading strategies in real-time, yielding this significant 29.25% growth over the last six months.
It's intriguing how AI algorithms can handle enormous amounts of data and identify trends and patterns that might be too complex for a human to spot quickly. This is precisely what transpired in the case of GME, with the AI trading robot leveraging its computational prowess to exploit market volatility and identify profitable trading opportunities.
However, it's crucial to remember that past performance is not necessarily indicative of future results. While the upward trend and the success of the AI trading robot are worthy of attention, it is still necessary to monitor the situation closely. The stock market is influenced by an array of unpredictable factors, and hence, a multi-dimensional approach is crucial in making informed decisions.
Nonetheless, the 29.25% growth achieved by GME, thanks to the AI trading robot, cannot be understated. This instance once again underscores the transformative power of artificial intelligence in the world of stock trading, redefining how we perceive and engage with the stock market.
The blend of technological advancements in AI and market analysis tools has proven to be a game-changer. As more trading systems begin to incorporate advanced algorithms, AI's role in the financial market will only become more prominent, making the next few years an exciting time to watch for investors and technologists alike.
GME's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for GME turned positive on August 30, 2023. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Indicator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 264 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 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In of 81 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 50-day moving average for GME moved below the 200-day moving average on August 30, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
The Aroon Indicator for GME entered a downward trend on September 05, 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.
Fundamental Analysis (Ratings)
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 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 78, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GME’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 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 (4.057) is normal, around the industry mean (12.058). P/E Ratio (0.000) is within average values for comparable stocks, (23.780). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.670). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.882) is also within normal values, averaging (82.411).
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Industry description
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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 retaier of video game products and PC entertainment software
Industry SpecialtyStores
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GME and
Correlation & Price change
A.I.dvisor indicates that over the last year, GME has been loosely correlated with CHPT. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if GME jumps, then CHPT could also see price increases.
| Ticker / NAME | Correlation To GME | 1D Price Change % | ||
|---|---|---|---|---|
| GME | 100% | -2.26% | ||
| CHPT - GME | 45% Loosely correlated | -0.20% | ||
| CPRT - GME | 45% Loosely correlated | -0.76% | ||
| CONN - GME | 39% Loosely correlated | +1.54% | ||
| HNST - GME | 39% Loosely correlated | +0.80% | ||
| FND - GME | 39% Loosely correlated | +1.13% | ||
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