AI Trading Robot Generated 6.71% Gain for FCX Last Month.
This AI trading bot, found at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), was a high performer in our robot factory, generating 6.71% for FCX over the course of the previous month.
Artificial Intelligence (AI) has significantly changed the landscape of trading and investing, providing traders with new tools to help them make informed decisions. One such tool is the AI trading robot found at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), which performed remarkably well last month, generating a gain of 6.71% for FCX.
The AI trading robot relies on technical analysis (TA) and fundamental analysis (FA) to identify potential trades that meet its criteria. TA involves analyzing past market data, including price and volume, to predict future price movements. FA involves analyzing a company's financial statements, industry trends, and economic conditions to determine its intrinsic value.
In the case of FCX, the AI trading robot likely identified the stock as having potential for short-term gains due to its recent bullish trend. According to technical analysis, when a stock moves higher for three consecutive days, it's viewed as a bullish sign. This is precisely what happened with FCX, which rose steadily over the course of the previous month.
Moreover, historical data shows that when FCX advanced for three days, the price rose further within the following month in 250 out of 306 cases, indicating that the odds of a continued upward trend are 82%. This bullish trend is further supported by the fundamental analysis, which suggests that the company's financials and industry outlook are positive.
The AI trading robot's performance in generating a gain of 6.71% for FCX last month highlights the potential of AI in trading and investing. However, it's worth noting that AI tools are not foolproof and should be used in conjunction with human judgment and analysis. As with any investment, there are risks involved, and traders should carefully consider their risk tolerance and investment objectives before making any trades.
FCX's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for FCX turned positive on May 31, 2023. Looking at past instances where FCX's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FCX's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where FCX's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 FCX advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .
FCX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FCX as a result. In of 79 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 10-day moving average for FCX crossed bearishly below the 50-day moving average on April 28, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 FCX 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 FCX entered a downward trend on June 01, 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (3.167) is normal, around the industry mean (6.505). P/E Ratio (19.608) is within average values for comparable stocks, (85.548). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.938). Dividend Yield (0.017) settles around the average of (0.073) among similar stocks. P/S Ratio (2.376) is also within normal values, averaging (193.386).
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 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 88, 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 fairly steady price growth. FCX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 copper, gold and molybdenum mining company
Industry OtherMetalsMinerals
FCX and
Correlation & Price change
A.I.dvisor indicates that over the last year, FCX has been closely correlated with SCCO. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if FCX jumps, then SCCO could also see price increases.
| Ticker / NAME | Correlation To FCX | 1D Price Change % | ||
|---|---|---|---|---|
| FCX | 100% | +1.89% | ||
| SCCO - FCX | 85% Closely correlated | +1.25% | ||
| RIO - FCX | 81% Closely correlated | +1.19% | ||
| BHP - FCX | 81% Closely correlated | +1.56% | ||
| HBM - FCX | 80% Closely correlated | +1.07% | ||
| TECK - FCX | 75% Closely correlated | +3.31% | ||
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