AI Trading Robot's Impact on $GME: A 31.44% Growth Over the Last Six Months
The best AI trading robot in our robot factory, Day Trader: High Volatility Stocks for Active Trading (TA&FA)generated a return of 31.44% for GME during the past 6 months.
Artificial Intelligence (AI) is revolutionizing the financial industry, with AI trading robots at the forefront of this transformation. A case in point is the recent performance of GameStop Corp. (GME). Over the last six months, an AI trading robot has generated a remarkable 31.44% growth for GME, underscoring the transformative power of AI in the trading sector.
However, recent trends suggest a potential shift in GME's trajectory. On July 14, 2023, GME moved below its 50-day moving average, a key technical indicator that is often used to understand price trends. This move indicates a change from an upward trend to a downward trend.
The 50-day moving average is a popular tool among traders as it helps smooth out price fluctuations and identify the underlying trend. When a stock's price falls below this moving average, it is often seen as a bearish signal, suggesting that the stock's price may continue to decline.
In this case, the AI trading robot's analysis of GME's performance suggests that investors may want to brace for potential further decreases. The A.I.dvisor, an AI-powered tool that analyzes market trends, examined 45 similar instances where the stock moved below the 50-day moving average. In 42 of these cases, the stock price decreased further within the following month, putting the odds of a continued downward trend at a significant 90%.
Despite the potential downward trend, the AI trading robot's contribution to GME's 31.44% growth over the past six months is noteworthy. By leveraging advanced algorithms and machine learning techniques, the robot can analyze vast amounts of data, identify patterns, and make trading decisions with speed and accuracy that surpass human capabilities.
The integration of AI in trading, as exemplified by the AI trading robot's influence on GME's growth, is revolutionizing the financial industry. The recent move below the 50-day moving average for GME underscores the potential for AI to drive informed trading decisions, even in the face of potential downturns. As we move forward, we can expect AI to play an increasingly significant role in shaping the future of trading.
GME in +3.82% Uptrend, growing for three consecutive days on September 25, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GME advanced for three days, in of 264 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Indicator exited the oversold zone, of 43 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 69 cases where GME's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on September 25, 2023. You may want to consider a long position or call options on GME as a result. In of 81 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 GME just turned positive on August 30, 2023. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
GME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 50-day moving average for GME moved below the 200-day moving average on August 30, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GME 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 GME entered a downward trend on September 05, 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.
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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. GME’s price grows at a lower rate over the last 12 months as compared to 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. GME’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 78, placing this stock better than average.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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 (4.139) is normal, around the industry mean (12.170). P/E Ratio (0.000) is within average values for comparable stocks, (24.638). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.668). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.900) is also within normal values, averaging (82.429).
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Industry description
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High and low price notable news
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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
a retaier of video game products and PC entertainment software
Industry SpecialtyStores
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GME and
Correlation & Price change
A.I.dvisor indicates that over the last year, GME has been loosely correlated with CHPT. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if GME jumps, then CHPT could also see price increases.
| Ticker / NAME | Correlation To GME | 1D Price Change % | ||
|---|---|---|---|---|
| GME | 100% | +2.85% | ||
| CHPT - GME | 46% Loosely correlated | -1.99% | ||
| CPRT - GME | 45% Loosely correlated | +0.49% | ||
| CONN - GME | 39% Loosely correlated | -0.77% | ||
| FND - GME | 39% Loosely correlated | +1.62% | ||
| HNST - GME | 39% Loosely correlated | -1.57% | ||
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