AI Trading Robot Generates 10.6% Gains for TDOC, with Potential for Further Growth
As a financial analytics and trader, I am thrilled to report on the recent success of an AI trading robot that produced gains of 10.6% for TDOC. This is a clear indication of the power of AI-driven trading, and it highlights the potential for investors to leverage machine learning algorithms to make more informed investment decisions.
Following the impressive 3-day advance of TDOC, the robot has estimated that the price will continue to grow further. This prediction is based on data from similar situations in the past, where TDOC has advanced for three days. In 266 out of 332 cases, the price has risen further within the following month. This means that the odds of a continued upward trend for TDOC are 80%.
It is essential to understand that this prediction is not a guarantee of future success, as past performance is not always indicative of future results. However, it is an encouraging sign that the AI trading robot is making accurate predictions based on data analysis.
Investors should also exercise caution and perform their due diligence when making investment decisions. While AI algorithms can be powerful tools, they should not be relied upon exclusively. Human oversight is crucial to ensure that investment strategies align with investors' goals and risk tolerance levels.
TDOC in downward trend: 10-day moving average crossed below 50-day moving average on May 12, 2023
The 10-day moving average for TDOC crossed bearishly below the 50-day moving average on May 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 02, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TDOC as a result. In of 88 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 Moving Average Convergence Divergence Histogram (MACD) for TDOC turned negative on May 02, 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 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
TDOC moved below its 50-day moving average on May 09, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TDOC 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 TDOC entered a downward trend on May 30, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 19 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.
TDOC 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 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 (1.602) is normal, around the industry mean (31.306). P/E Ratio (0.000) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (1.471) is also within normal values, averaging (70.523).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. TDOC’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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 that the returns do not compensate for the risks. TDOC’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 89, placing this stock worse than average.
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
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Industry PackagedSoftware
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TDOC and
Correlation & Price change
A.I.dvisor indicates that over the last year, TDOC has been closely correlated with AFRM. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if TDOC jumps, then AFRM could also see price increases.
| Ticker / NAME | Correlation To TDOC | 1D Price Change % | ||
|---|---|---|---|---|
| TDOC | 100% | -1.15% | ||
| AFRM - TDOC | 76% Closely correlated | +4.69% | ||
| U - TDOC | 72% Closely correlated | +3.87% | ||
| PD - TDOC | 72% Closely correlated | +1.31% | ||
| SQ - TDOC | 71% Closely correlated | -0.27% | ||
| RNG - TDOC | 69% Closely correlated | -0.43% | ||
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