AI Trading Robot Generates 6.72% Gain for SNDL Last Month.
This AI trading robot, available at Swing trader: Volatility Balanced Strategy (TA), was a top performer in our robot factory, generating 6.72% for SNDL over the past month.
In recent years, AI trading robots have gained popularity in the financial market due to their ability to analyze vast amounts of data and execute trades with high accuracy and speed. One such AI trading robot has been generating impressive returns for investors in the cannabis stock, SNDL.
According to its latest report, the AI trading robot generated a gain of 6.72% for SNDL in the last month. This impressive performance is attributed to the robot's ability to identify SNDL's upward trend and capitalize on it.
SNDL has been in an upward trend since it broke its lower Bollinger Band on March 08, 2023. This is a strong indication that the stock's price is expected to rise further in the near future. As the stock breaks the lower band, it may jump back above it and head towards the middle band. This presents a buying opportunity for traders who are looking to capitalize on the potential price increase.
In fact, historical data shows that in 22 of 24 cases where SNDL's price broke its lower Bollinger Band, its price rose further in the following month. This suggests that the odds of a continued upward trend are 90%. Therefore, traders who invest in SNDL now have a high probability of generating returns in the short term.
The use of AI trading robots in the financial market has been a game-changer for investors looking to capitalize on the potential gains in the stock market. SNDL's upward trend presents a lucrative opportunity for traders to invest in the stock or explore call options. With a high probability of a continued upward trend, investors can expect to generate significant returns in the near future.
Momentum Indicator for SNDL turns negative, indicating new downward trend
SNDL saw its Momentum Indicator move below the 0 level on May 24, 2023. 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 64 similar instances where the indicator turned negative. In of the 64 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for SNDL moved out of overbought territory on May 11, 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 15 similar instances where the indicator moved out of overbought territory. In of the 15 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for SNDL turned negative on May 25, 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 33 similar instances when the indicator turned negative. In of the 33 cases the stock turned lower in the days that followed. This puts the odds of success at .
SNDL moved below its 50-day moving average on May 25, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNDL 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 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.
The 10-day moving average for SNDL crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 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 SNDL advanced for three days, in of 146 cases, the price rose further within the following month. The odds of a continued upward trend are .
SNDL 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 49 cases where SNDL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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: SNDL's P/B Ratio (0.375) is slightly lower than the industry average of (2.644). P/E Ratio (3.536) is within average values for comparable stocks, (36.938). SNDL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.174). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.023). P/S Ratio (0.526) is also within normal values, averaging (5.058).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SNDL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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. SNDL’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 82, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a producer, distributer, and seller of cannabis
Industry BeveragesAlcoholic
SNDL and
Correlation & Price change
A.I.dvisor indicates that over the last year, SNDL has been closely correlated with CGC. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if SNDL jumps, then CGC could also see price increases.
| Ticker / NAME | Correlation To SNDL | 1D Price Change % | ||
|---|---|---|---|---|
| SNDL | 100% | -2.03% | ||
| CGC - SNDL | 77% Closely correlated | -5.10% | ||
| TLRY - SNDL | 76% Closely correlated | -1.74% | ||
| CRON - SNDL | 73% Closely correlated | -2.86% | ||
| OGI - SNDL | 68% Closely correlated | +1.88% | ||
| ACB - SNDL | 65% Loosely correlated | -0.19% | ||
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