Last week, the AI Trading Robot developed by Tickeron successfully generated a 4.33% gain on Virgin Galactic Holdings, Inc. (NYSE: SPCE) shares, demonstrating once again the effectiveness of using artificial intelligence in financial markets. This impressive return occurred in conjunction with a positive shift in SPCE's market dynamics.
Technical Analysis of SPCE
On May 8, 2023, SPCE moved above its 50-day moving average, signifying a potential reversal from a downward trend to an upward trend. This technical indicator is frequently used by traders to analyze the market’s medium-term trend and make buy or sell decisions based on the stock's price relative to its moving average.
Historically, when SPCE’s share price crosses above the 50-day moving average, it tends to result in a further increase in the stock price. An analysis of past instances shows that in 24 of 26 similar occurrences, the stock price experienced an increase within the following month. Based on this historical pattern, the odds of SPCE’s continued upward trend are as high as 90%.
AI Trading Robot's Success
Our AI Trading Robot capitalizes on these patterns and market indicators, making informed decisions based on a vast array of data. In this case, the Robot detected the bullish trend indicated by SPCE’s crossing of its 50-day moving average and made the decision to invest.
Throughout the week, the AI Trading Robot continuously monitored the market, adjusting its position as necessary to optimize profits. It successfully navigated the fluctuations in the market, ultimately delivering a 4.33% return on SPCE.
The positive trend of SPCE and the 4.33% gain generated by the AI Trading Robot provides evidence of the potential advantages that can be gained from utilizing AI in stock trading. It demonstrates that AI can identify and act upon financial market trends more efficiently than traditional methods.
In summary, the 4.33% gain on SPCE generated by our AI Trading Robot last week is a clear illustration of the potential for AI to improve investment outcomes. With its ability to analyze vast amounts of data and adapt to market trends, AI is reshaping the way we trade and invest.
Moving forward, we believe that the adoption of AI in stock trading will continue to accelerate, offering a valuable tool for investors looking to maximize their returns. With the continued development and refinement of AI technologies, the future of stock trading looks promising.
The 10-day moving average for SPCE crossed bullishly above the 50-day moving average on May 17, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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.
SPCE moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SPCE advanced for three days, in of 211 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPCE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 150 cases where SPCE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for SPCE moved out of overbought territory on May 24, 2023. 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 27 similar instances where the indicator moved out of overbought territory. In of the 27 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SPCE as a result. In of 55 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 SPCE turned negative on May 26, 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 32 similar instances when the indicator turned negative. In of the 32 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 SPCE 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SPCE’s price grows at a lower 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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (2.927) is normal, around the industry mean (25.440). P/E Ratio (50.000) is within average values for comparable stocks, (308.971). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.834). SPCE has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (434.783) is also within normal values, averaging (169.929).
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SPCE’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 77, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company, which engages in the business of owning and operating privately built spaceships
A.I.dvisor indicates that over the last year, SPCE has been loosely correlated with ASTR. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if SPCE jumps, then ASTR could also see price increases.
|ASTR - SPCE|
|RKLB - SPCE|
|RDW - SPCE|
|ACHR - SPCE|
|MNTS - SPCE|