AI Trading Robot Generates 5.95% Profit for GME in Previous Week
AI trading robot Day Trader, Popular Stocks ($1.4K per position): Long Bias Strategy (TA&FA), generating a 5.95% gain for GME over the course of the previous week.
Last week, GameStop Corp. (NYSE: GME) experienced a 5.95% gain in its share price. The increase can be attributed to the AI Trading Robot's analysis of GME's technical indicators and earning results. This article will explore the factors contributing to the stock's recent performance, with a focus on the Momentum Indicator and Tickeron's A.I.dvisor predictions.
On April 14, 2023, GME's Momentum Indicator fell below the 0 level, signaling a potential shift towards a new downward move. A negative Momentum Indicator implies that the stock's price could be losing momentum and may continue to decline. This information is crucial for traders who may want to consider selling the stock or exploring put options to protect their investments.
Tickeron's A.I.dvisor analyzed 80 similar instances where GME's Momentum Indicator turned negative. Out of these cases, the stock moved further down in the following days in 73 instances, giving a 90% probability of a decline. This high likelihood of a downward trend suggests that traders should proceed with caution and be prepared for potential losses.
However, it's essential to note that the AI Trading Robot generated a 5.95% gain for GME last week despite the negative Momentum Indicator. This performance highlights the accuracy and efficiency of AI-driven trading strategies, which can often outperform human analysts by analyzing large sets of data and detecting patterns that may be overlooked.
Although GME's Momentum Indicator turned negative on April 14, 2023, the AI Trading Robot was able to generate a 5.95% gain for the stock last week. While the Momentum Indicator suggests a high probability of a downward trend, the AI Trading Robot's performance demonstrates the potential for AI-driven strategies to outperform traditional technical analysis.
Traders should carefully consider their positions in GME, taking into account the Momentum Indicator's predictions and the AI Trading Robot's recent performance. While it's impossible to predict the future movements of any stock with absolute certainty, using AI-driven tools like Tickeron's A.I.dvisor can provide valuable insights and help traders make more informed decisions in the market.
Momentum Indicator for GME turns negative, indicating new downward trend
GME saw its Momentum Indicator move below the 0 level on October 04, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 86 similar instances where the indicator turned negative. In of the 86 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for GME turned negative on October 07, 2024. 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
GME moved below its 50-day moving average on October 01, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for GME crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 GME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 267 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 148 cases where GME Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 84%.
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GME’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 74, placing this stock better than average.
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 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 (2.740) is normal, around the industry mean (12.064). GME's P/E Ratio (599.500) is considerably higher than the industry average of (36.044). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.694) is also within normal values, averaging (18.679).
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.
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a retaier of video game products and PC entertainment software
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