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May 08, 2023

AI Trading Robot Generates 10.6% Return for QCOM in the past week

Swing Trader: Stocks from Hi-tech Sector (TA&FA) Soar in Tickeron's Robot Factory - QCOM's 10.6% Return in past week

Artificial intelligence (AI) has been making waves in various industries, and the stock market is no exception. AI trading robots have become more sophisticated, with the ability to analyze market trends and make smart investment decisions. One such example is the recent performance of Qualcomm Inc. (QCOM), which saw a gain of 10.6% last week, primarily attributed to an AI trading robot. In this article, we will delve into the details of the earning results and what it means for the future of AI-driven trading.

According to the recent analysis, QCOM may jump back above the lower band and head toward the middle band. This suggests that traders may consider buying the stock or exploring call options. Historical data supports this trend, as in 30 out of 40 cases where QCOM's price broke its lower Bollinger Band, the price rose further in the following month. This results in an impressive 75% odds of a continued upward trend.

Bollinger Bands:

To understand this analysis better, it is important to have a basic understanding of Bollinger Bands. Developed by John Bollinger, Bollinger Bands are a technical analysis tool that measures a stock's volatility and helps predict potential price moves. The bands consist of three lines: the middle line, which is the simple moving average (SMA) of the stock's closing price; and the upper and lower bands, which are two standard deviations away from the middle line.

With the AI trading robot's prediction of QCOM's upward trend, investors and traders can benefit from this insight. There are a few ways to capitalize on this opportunity:

  1. Buying the stock: If QCOM's price is indeed poised to rise, buying the stock now could lead to gains in the coming weeks.
  2. Call options: Investors may also explore call options, which give the right to buy a stock at a predetermined price within a specific time frame. If QCOM's price increases as predicted, the call option will become more valuable, generating profits for the option holder.

AI-Driven Trading:

The use of AI in trading has grown exponentially in recent years. AI-driven trading robots can analyze vast amounts of data, including historical trends, economic indicators, and real-time market data, to make informed decisions. This allows traders and investors to capitalize on market opportunities faster than traditional trading methods.

The impressive 10.6% gain generated by an AI trading robot for QCOM last week showcases the potential of AI-driven trading in today's stock market. The prediction of a continued upward trend for QCOM, backed by historical data and Bollinger Bands analysis, provides an excellent opportunity for investors and traders to benefit from this insight. As AI technology continues to evolve, we can expect to see even more sophisticated trading strategies and enhanced investment returns in the coming years.

Related Ticker: QCOM

QCOM's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for QCOM turned positive on February 12, 2024. Looking at past instances where QCOM's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 09, 2024. You may want to consider a long position or call options on QCOM as a result. In of 80 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 QCOM advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 262 cases where QCOM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QCOM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QCOM broke above its upper Bollinger Band on March 01, 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.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. QCOM’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 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 59, placing this stock better than average.

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 (7.893) is normal, around the industry mean (8.882). P/E Ratio (23.267) is within average values for comparable stocks, (119.969). Projected Growth (PEG Ratio) (1.741) is also within normal values, averaging (2.508). Dividend Yield (0.020) settles around the average of (0.021) among similar stocks. P/S Ratio (5.056) is also within normal values, averaging (11.518).

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 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.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Texas Instruments (NASDAQ:TXN), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 41.92B. The market cap for tickers in the group ranges from 13.43K to 2.06T. NVDA holds the highest valuation in this group at 2.06T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 4%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 14%. QNCCF experienced the highest price growth at 116%, while MANZF experienced the biggest fall at -57%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -12%. For the same stocks of the Industry, the average monthly volume growth was -2% and the average quarterly volume growth was 69%

Fundamental Analysis Ratings

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

Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 48
SMR Rating: 66
Profit Risk Rating: 59
Seasonality Score: 1 (-100 ... +100)
View a ticker or compare two or three
QCOMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of wireless communication systems

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
5775 Morehouse Drive
Phone
+1 858 587-1121
Employees
50000
Web
https://www.qualcomm.com
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QCOM and

Correlation & Price change

A.I.dvisor indicates that over the last year, QCOM has been closely correlated with SWKS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if QCOM jumps, then SWKS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QCOM
1D Price
Change %
QCOM100%
+3.37%
SWKS - QCOM
72%
Closely correlated
+1.45%
TXN - QCOM
63%
Loosely correlated
+2.24%
ADI - QCOM
63%
Loosely correlated
+2.26%
TER - QCOM
62%
Loosely correlated
+2.25%
KLIC - QCOM
62%
Loosely correlated
+2.60%
More
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