In recent years, artificial intelligence (AI) has become an increasingly popular tool for finance professionals, as it can analyze vast amounts of data and make complex predictions faster and more accurately than humans. One area where AI has made a significant impact is in trading, where AI trading robots are being used to execute trades based on complex algorithms and historical data analysis.
One such example is the AI trading robot used by CENN, which has produced gains of 6.34% over the past month. This impressive performance is a testament to the power of AI in trading, and it demonstrates the potential for AI to revolutionize the finance industry.
The AI trading robot used by CENN is designed to analyze large amounts of data, including financial news, market trends, and historical stock prices. Using this data, the robot can identify patterns and predict market movements with a high degree of accuracy. It then uses this information to execute trades automatically, without any human intervention.
One of the main advantages of using an AI trading robot is that it can operate 24/7, without the need for breaks or rest. This means that it can monitor the markets constantly and execute trades at any time, which can be particularly useful in volatile markets.
Another advantage of using AI in trading is that it removes emotional biases that can affect human traders. Emotions such as fear, greed, and overconfidence can lead traders to make poor decisions, but AI trading robots are not subject to these emotional biases. Instead, they rely solely on data and algorithms, which can lead to more objective and profitable trading decisions.
Overall, the success of CENN's AI trading robot is a testament to the potential of AI in finance. As technology continues to advance, we can expect to see more and more companies adopting AI trading robots to optimize their trading strategies and generate higher profits.
CENN saw its Momentum Indicator move below the 0 level on May 18, 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 85 similar instances where the indicator turned negative. In of the 85 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for CENN turned negative on May 19, 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 36 similar instances when the indicator turned negative. In of the 36 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CENN 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 CENN entered a downward trend on May 25, 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 RSI Indicator demonstrates 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 Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CENN advanced for three days, in of 172 cases, the price rose further within the following month. The odds of a continued upward trend are .
CENN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 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: P/B Ratio (0.334) is normal, around the industry mean (9.550). P/E Ratio (0.000) is within average values for comparable stocks, (95.948). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.867). CENN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.041). P/S Ratio (7.143) is also within normal values, averaging (72.176).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. CENN’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 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. CENN’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 89, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows