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 Aroon Indicator triggered a bullish signal on May 06, 2024. 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 323 similar instances where the Aroon Indicator showed a similar pattern. In of the 323 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on May 03, 2024. You may want to consider a long position or call options on FCX as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for FCX moved out of overbought territory on April 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for FCX turned negative on April 15, 2024. 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 53 similar instances when the indicator turned negative. In of the 53 cases the stock turned lower in the days that followed. This puts the odds of success at .
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 .
FCX broke above its upper Bollinger Band on April 29, 2024. 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.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. FCX’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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (4.067) is normal, around the industry mean (8.907). P/E Ratio (36.977) is within average values for comparable stocks, (93.616). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). Dividend Yield (0.013) settles around the average of (0.083) among similar stocks. P/S Ratio (2.989) is also within normal values, averaging (227.327).
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 89, placing this stock better than average.
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 SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a copper, gold and molybdenum mining company
Industry OtherMetalsMinerals