AI Trading Robot Generates 7.54% Gain for OXY Last Month.
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 7.54% for OXY over the past month.
Artificial intelligence (AI) is rapidly transforming the financial markets, with algorithmic trading becoming increasingly prevalent. One such AI trading robot generated a remarkable 7.54% gain for Occidental Petroleum (OXY) last month. However, as with all investments, it is crucial to understand the underlying risks and potential pitfalls of the stock.
Moving lower for three straight days is viewed as a bearish sign. This is an important technical indicator that traders and investors should keep an eye on when assessing a stock's performance. In the case of OXY, it has been declining for three consecutive days, signaling a potential bearish trend.
According to data from situations where OXY declined for three days, in 238 out of 296 cases, the price declined further within the following month. This indicates that the odds of a continued downward trend are around 80%. This is a significant statistic that traders should consider when making investment decisions.
However, it is important to note that past performance is not a guarantee of future results. While technical analysis can provide valuable insights into a stock's performance, it should not be the sole factor driving investment decisions. Fundamental analysis, including the company's financial health, industry trends, and macroeconomic factors, should also be considered.
In conclusion, while the AI trading robot's 7.54% gain for OXY last month is impressive, it is important to keep a close eye on the stock's performance and consider all relevant factors before making investment decisions. As always, investors should do their due diligence and consult with a financial advisor before making any trades.
OXY's RSI Indicator peaks and leaves overbought zone
The 10-day RSI Indicator for OXY moved out of overbought territory on September 06, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 instances where the indicator moved out of the overbought zone. In of the 35 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on OXY as a result. In of 78 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 OXY turned negative on September 20, 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 39 similar instances when the indicator turned negative. In of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at .
OXY moved below its 50-day moving average on September 21, 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 OXY 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 demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 50-day moving average for OXY moved above the 200-day moving average on September 06, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OXY advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .
OXY 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 228 cases where OXY 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 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 SMR rating for this company is (best 1 - 100 worst), indicating very 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. OXY’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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (2.715) is normal, around the industry mean (6.189). P/E Ratio (10.627) is within average values for comparable stocks, (16.473). Projected Growth (PEG Ratio) (1.243) is also within normal values, averaging (2.534). Dividend Yield (0.011) settles around the average of (0.125) among similar stocks. P/S Ratio (1.958) is also within normal values, averaging (119.982).
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. OXY’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 77, placing this stock worse than average.
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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
Industry OilGasProduction
OXY and
Correlation & Price change
A.I.dvisor indicates that over the last year, OXY has been closely correlated with MRO. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if OXY jumps, then MRO could also see price increases.