AI trading robot generated +3.6% for AMAT over the Last week
This AI trading robot in our robot factory, Day Trader, Popular Stocks: Short Bias Strategy (TA&FA) generated a return of 3, 6 % for AMAT during the last week.
The field of trading has undergone a significant transformation over the past decade due to advancements in artificial intelligence (AI) and machine learning (ML) technologies. AI-powered trading systems can analyze vast amounts of financial data in real-time, identify patterns, and make trading decisions based on their analysis.
One such system is Tickeron's A.I.dvisor, which generated a 3.6% gain for Applied Materials Inc. (AMAT) last week. In this article, we will discuss the implications of this gain and analyze AMAT's recent earnings results.
AI Trading Robot Generates 3.6% Gain for AMAT Last Week
Tickeron's A.I.dvisor is an AI-powered trading system that uses machine learning algorithms to analyze financial data and generate trading signals. Last week, the system generated a 3.6% gain for AMAT, a leading semiconductor and display equipment manufacturer.
The A.I.dvisor system uses a combination of technical indicators and machine learning algorithms to analyze stock prices, trading volume, and other market data in real-time. Based on this analysis, it generates trading signals that indicate when to buy or sell a particular stock.
The system's success with AMAT last week suggests that its algorithms were able to accurately predict the stock's movements and generate profitable trades.
AMAT's Earnings Results
AMAT recently reported its earnings results for the first quarter of 2023. The company reported earnings per share (EPS) of $1.22, which beat analysts' expectations of $1.19. The company's revenue also beat expectations, coming in at $6.25 billion compared to the expected $6.21 billion.
Despite the positive earnings results, AMAT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 04, 2023. This is a bearish signal that suggests the stock could decline going forward.
Tickeron's A.I.dvisor looked at 43 instances where the MACD turned negative. In 30 of the 43 cases, the stock moved lower in the days that followed. This puts the odds of a downward move at 70%.
Implications of the MACD Signal
The MACD is a popular technical indicator used by traders to identify changes in a stock's momentum. When the MACD line crosses below the signal line, it is considered a bearish signal and suggests that the stock's momentum is turning negative.
The fact that the MACD turned negative for AMAT suggests that the stock could be in for a downward move. However, it is important to note that technical indicators are not always reliable and should be used in conjunction with other forms of analysis.
The success of Tickeron's A.I.dvisor in generating a 3.6% gain for AMAT last week demonstrates the power of AI and ML technologies in the field of trading. However, it is important to remember that technical indicators like the MACD are not always reliable and should be used in conjunction with other forms of analysis.
Investors should keep an eye on AMAT's future earnings results and market trends to make informed trading decisions.
Momentum Indicator for AMAT turns negative, indicating new downward trend
AMAT saw its Momentum Indicator move below the 0 level on September 12, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned negative. In of the 87 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for AMAT turned negative on September 11, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
AMAT moved below its 50-day moving average on September 14, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for AMAT crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where AMAT's RSI Oscillator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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 3-day Advance, the price is estimated to grow further. Considering data from situations where AMAT advanced for three days, in of 311 cases, the price rose further within the following month. The odds of a continued upward trend are .
AMAT 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)
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 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 63, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady 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 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 (7.547) is normal, around the industry mean (7.929). P/E Ratio (17.953) is within average values for comparable stocks, (53.587). AMAT's Projected Growth (PEG Ratio) (4.468) is slightly higher than the industry average of (2.336). Dividend Yield (0.009) settles around the average of (0.022) among similar stocks. P/S Ratio (4.357) is also within normal values, averaging (72.527).
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 manufacturer of equipment and software for the semiconductor industries
Industry Semiconductors
AMAT and
Correlation & Price change
A.I.dvisor indicates that over the last year, AMAT has been closely correlated with LRCX. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if AMAT jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To AMAT | 1D Price Change % | ||
|---|---|---|---|---|
| AMAT | 100% | +0.72% | ||
| LRCX - AMAT | 92% Closely correlated | +1.43% | ||
| KLAC - AMAT | 90% Closely correlated | +1.10% | ||
| ASML - AMAT | 88% Closely correlated | +0.86% | ||
| TER - AMAT | 85% Closely correlated | -0.22% | ||
| ONTO - AMAT | 83% Closely correlated | +0.91% | ||
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