AI Trading Robot Generates 48.76% Gain for GME Last Month.
This AI trading robot, available at Swing trader: Downtrend Protection v.2 (TA), was a top performer in our robot factory, generating 48.76% for GME over the past month.
Artificial intelligence (AI) trading robots are revolutionizing the investment world. These machines use advanced algorithms to analyze market trends and identify profitable trades, all without the need for human intervention. In the case of GameStop (GME), one such robot generated a 48.76% gain last month, highlighting the power and potential of AI in trading.
The robot used a variety of technical indicators to analyze GME's price movements and identify potential buy signals. One such signal was the crossing of the 10-day moving average above the 50-day moving average on March 29, 2023. This crossover is a widely watched technical indicator that indicates a shift in trend from bearish to bullish. When this happens, traders tend to interpret it as a signal to buy.
To back up the robot's decision, historical data was also taken into account. In 13 out of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. This gives the current signal a high probability of success, with odds of a continued upward trend sitting at 87%.
The use of AI trading robots in investing is not new, but their sophistication and accuracy are constantly improving. With the ability to analyze large amounts of data and identify profitable trades in real-time, these machines can provide investors with a significant advantage over traditional methods.
However, it's important to note that AI trading robots are not foolproof and there are risks involved with any investment. It's crucial for investors to do their own due diligence and understand the risks before investing. Additionally, while past performance can provide valuable insights, it is not a guarantee of future success.
The recent success of an AI trading robot in generating a 48.76% gain for GME last month demonstrates the power and potential of this technology in trading. By analyzing technical indicators and historical data, these machines can identify profitable trades and provide investors with a significant advantage over traditional methods. However, investors must still exercise caution and do their own research to mitigate risks and ensure long-term success.
GME in downward trend: price may decline as a result of having broken its higher Bollinger Band on May 22, 2023
GME broke above its upper Bollinger Band on May 22, 2023. 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 A.I.dvisor looked at 39 similar instances where the stock broke above the upper band. In of the 39 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for GME moved out of overbought territory on May 23, 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Aroon Indicator for GME entered a downward trend on May 11, 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 Momentum Indicator moved above the 0 level on May 08, 2023. You may want to consider a long position or call options on GME as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GME just turned positive on May 08, 2023. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
GME moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GME crossed bullishly above the 50-day moving average on May 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock slightly better than average.
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 (5.359) is normal, around the industry mean (14.052). P/E Ratio (0.000) is within average values for comparable stocks, (25.028). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.437). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.037). P/S Ratio (1.193) is also within normal values, averaging (68.774).
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.
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