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.
GME sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for GME moved below the 200-day moving average on August 30, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 .
The Aroon Indicator for GME entered a downward trend on September 05, 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Oscillator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for GME just turned positive on August 30, 2023. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 43 cases 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 264 cases, the price rose further within the following month. The odds of a continued upward trend are .
GME 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 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 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 fairly steady price growth. GME’s price grows at a lower 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 78, 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 (4.139) is normal, around the industry mean (12.170). P/E Ratio (0.000) is within average values for comparable stocks, (24.639). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.668). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.900) is also within normal values, averaging (82.429).
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a retaier of video game products and PC entertainment software
Industry SpecialtyStores
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GME and
Correlation & Price change
A.I.dvisor indicates that over the last year, GME has been loosely correlated with CHPT. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if GME jumps, then CHPT could also see price increases.
| Ticker / NAME | Correlation To GME | 1D Price Change % | ||
|---|---|---|---|---|
| GME | 100% | +0.94% | ||
| CHPT - GME | 46% Loosely correlated | -1.38% | ||
| CPRT - GME | 45% Loosely correlated | +0.05% | ||
| CONN - GME | 39% Loosely correlated | -2.00% | ||
| FND - GME | 39% Loosely correlated | -1.16% | ||
| HNST - GME | 39% Loosely correlated | N/A | ||
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