This AI trading robot, available at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), was a top performer in our robot factory, generating a 6.71% for FCX over the past week.
Artificial Intelligence (AI) has revolutionized the way traders invest in the stock market. With the help of machine learning algorithms, traders can now develop sophisticated trading strategies that can automatically buy and sell stocks based on market conditions. AI trading robots have become increasingly popular due to their ability to analyze vast amounts of data and execute trades in real-time. In this article, we will explore how an AI trading robot generated a 6.71% gain for FCX last week.
The Moving Average Convergence Divergence (MACD) is a technical indicator that is commonly used by traders to identify changes in trend momentum. The MACD for FCX turned positive on March 24, 2023. This indicates that the stock's short-term moving average has crossed above its long-term moving average, which is a bullish signal.
To validate this signal, we can look at past instances where FCX's MACD turned positive. According to historical data, the stock continued to rise in 43 of 49 cases over the following month. This means that the odds of a continued upward trend are 88%.
This is where an AI trading robot can be useful. Using historical data and technical analysis, the AI trading robot can identify profitable trading opportunities and execute trades automatically. In the case of FCX, the AI trading robot recognized the bullish signal generated by the MACD and executed a buy trade. As a result, the trading robot was able to generate a 6.71% gain for FCX last week.
AI trading robots have become an indispensable tool for traders in today's stock market. By analyzing vast amounts of data and executing trades in real-time, AI trading robots can generate significant gains for investors. The bullish signal generated by the MACD for FCX last week is a prime example of how an AI trading robot can identify profitable trading opportunities and generate significant returns for investors.
FCX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where FCX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where FCX's RSI Oscillator exited the oversold zone, of 30 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FCX advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on FCX as a result. In of 80 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 FCX turned negative on May 24, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
FCX moved below its 50-day moving average on April 21, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FCX crossed bearishly below the 50-day moving average on April 28, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 FCX 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 FCX entered a downward trend on May 26, 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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (3.104) is normal, around the industry mean (6.638). P/E Ratio (19.194) is within average values for comparable stocks, (85.207). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.934). Dividend Yield (0.017) settles around the average of (0.072) among similar stocks. P/S Ratio (2.329) is also within normal values, averaging (183.444).
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 88, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. FCX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows