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Allana's Avatar
published in Blogs
Apr 13, 2023

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.

Related Ticker: FCX

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 .

Price Prediction Chart

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)

Fear & Greed

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

The most notable companies in this group are BHP Group Limited (NYSE:BHP), Vale SA (NYSE:VALE), Freeport-McMoran (NYSE:FCX), Teck Resources Limited (NYSE:TECK), Cameco Corp (NYSE:CCJ).

Industry description

The category includes companies that explore for, mine and extract metals, such as copper, diamonds, nickel, cobalt ore, lead, zinc and uranium. BHP, Rio Tinto and Southern Copper Corporation are major players in this space.

Market Cap

The average market capitalization across the Other Metals/Minerals Industry is 2.25B. The market cap for tickers in the group ranges from 1.57K to 223.12B. BHPBF holds the highest valuation in this group at 223.12B. The lowest valued company is MGXMF at 1.57K.

High and low price notable news

The average weekly price growth across all stocks in the Other Metals/Minerals Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 122%. DNCUD experienced the highest price growth at 250%, while ZZZOF experienced the biggest fall at -85%.

Volume

The average weekly volume growth across all stocks in the Other Metals/Minerals Industry was 73%. For the same stocks of the Industry, the average monthly volume growth was 60% and the average quarterly volume growth was 35%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 81
Price Growth Rating: 50
SMR Rating: 87
Profit Risk Rating: 88
Seasonality Score: -11 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a copper, gold and molybdenum mining company

Industry OtherMetalsMinerals

Profile
Fundamentals
Details
Industry
Precious Metals
Address
333 North Central Avenue
Phone
+1 602 366-8100
Employees
25600
Web
https://www.fcx.com
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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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To FCX
1D Price
Change %
FCX100%
+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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