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Abhoy Sarkar's Avatar
published in Blogs
Apr 29, 2023

AI Trading Robot Powers PUMP's Expansion by 7.02% in a Month Despite Bearish Aroon Indicator

In our robot workshop, this AI trading bot from Swing Trader ($1.4K per position): Sector Rotation Strategy (TA&FA) was a top performer, generating 7.02% for PUMP over the past month.

The AI trading bot Swing Trader ($1.4K per position), utilizing the Sector Rotation Strategy (TA&FA), has significantly contributed to PUMP's growth, expanding its market share by 7.02% over the previous month. This impressive performance occurred despite a bearish Aroon Indicator, which suggested an 83% chance of a downward move for the stock.

Earnings Results Analysis: In a robot workshop, the AI trading bot from Swing Trader emerged as the top performer in the Sector Rotation Strategy (TA&FA), effectively boosting PUMP's growth by 7.02% in just a month. The trading bot's success is a testament to the efficacy of its strategy, which relies on both technical analysis (TA) and fundamental analysis (FA) to make informed investment decisions.

Aroon Indicator Analysis: However, the Aroon Indicator for PUMP entered a downward trend on April 4, 2023. This technical indicator, developed by Tushar Chande in 1995, measures the strength of a trend and helps traders identify potential trend reversals. In this instance, Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three consecutive days. This could indicate a strong downward move is ahead for the stock, and traders may want to consider selling the stock or buying put options.

Historical Pattern Analysis: The A.I.dvisor analyzed 210 similar instances where the Aroon Indicator formed such a pattern. In 175 of the 210 cases, the stock moved lower, putting the odds of a downward move at 83%. This historical pattern suggests that PUMP's stock may face significant headwinds in the near future, despite its recent expansion.

Despite the bearish outlook presented by the Aroon Indicator, PUMP's 7.02% expansion over the past month, powered by the AI trading bot Swing Trader ($1.4K per position) and its Sector Rotation Strategy (TA&FA), showcases the trading bot's ability to deliver strong results in the face of market challenges. Although traders should be cautious given the bearish technical indicator, the AI trading bot's performance indicates that its investment strategy can still generate impressive returns in a challenging market environment.

Related Ticker: PUMP

PUMP in upward trend: 10-day moving average crossed above 50-day moving average on May 25, 2023

The 10-day moving average for PUMP crossed bullishly above the 50-day moving average on May 25, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 08, 2023. You may want to consider a long position or call options on PUMP as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PUMP just turned positive on June 02, 2023. Looking at past instances where PUMP's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .

PUMP moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PUMP advanced for three days, in of 295 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 256 cases where PUMP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PUMP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PUMP broke above its upper Bollinger Band on May 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. PUMP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

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 (0.925) is normal, around the industry mean (3.731). P/E Ratio (49.261) is within average values for comparable stocks, (89.555). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.142). Dividend Yield (0.000) settles around the average of (0.043) among similar stocks. P/S Ratio (0.608) is also within normal values, averaging (2.856).

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PUMP’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 92, placing this stock worse than average.

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 2.56B. The market cap for tickers in the group ranges from 717 to 67.63B. SLB holds the highest valuation in this group at 67.63B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 2%. FTK experienced the highest price growth at 27%, while ENGT experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was -71%. For the same stocks of the Industry, the average monthly volume growth was -69% and the average quarterly volume growth was -72%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 77
Price Growth Rating: 50
SMR Rating: 73
Profit Risk Rating: 91
Seasonality Score: -20 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of oilfield services

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
1706 South Midkiff
Phone
+1 432 688-0012
Employees
2000
Web
https://www.propetroservices.com
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PUMP and

Correlation & Price change

A.I.dvisor indicates that over the last year, PUMP has been closely correlated with LBRT. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if PUMP jumps, then LBRT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PUMP
1D Price
Change %
PUMP100%
-2.66%
LBRT - PUMP
86%
Closely correlated
-0.44%
RES - PUMP
84%
Closely correlated
-0.20%
NEX - PUMP
83%
Closely correlated
-1.56%
HAL - PUMP
81%
Closely correlated
+0.62%
WHD - PUMP
78%
Closely correlated
-1.21%
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