AI Trading Robot's Role in $PLTR's Expansion: A 31.09% Growth Over the Previous Six Months
In our robot workshop, this AI trading bot from Swing trader: Top High-Volatility Stocks (TA) was a top performer, generating 31.09% for PLTR over the past six months.
Artificial Intelligence (AI) is making significant strides in the financial sector, with AI trading robots playing a pivotal role. A prime example of this is the recent performance of Palantir Technologies Inc. (PLTR). Over the previous six months, an AI trading robot has helped PLTR expand by an impressive 31.09%, highlighting the transformative power of AI in the trading landscape.
However, recent trends suggest a potential shift in PLTR's trajectory. On July 21, 2023, PLTR's Moving Average Convergence Divergence Histogram (MACD) turned negative. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. A negative MACD Histogram is a bearish signal that suggests the stock could decline going forward.
In this case, the AI trading robot's analysis of PLTR's performance suggests that investors may need to prepare for potential decreases. Tickeron's A.I.dvisor, an AI-powered tool that analyzes market trends, examined 28 similar instances where the MACD Histogram turned negative. In 25 of these cases, the stock moved lower in the days that followed, putting the odds of a downward move at a significant 89%.
Despite the potential downward trend, the AI trading robot's contribution to PLTR's 31.09% expansion 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 PLTR's expansion, is revolutionizing the financial industry. The recent negative turn of the MACD Histogram for PLTR 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.
PLTR sees MACD Histogram just turned negative
PLTR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 30 instances where the indicator turned negative. In of the 30 cases the stock moved lower in the days that followed. This puts the odds of a downward move 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 PLTR as a result. In of 49 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
PLTR moved below its 50-day moving average on August 31, 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 PLTR 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 PLTR entered a downward trend on August 29, 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.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 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 PLTR advanced for three days, in of 175 cases, the price rose further within the following month. The odds of a continued upward trend are .
PLTR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PLTR’s price grows at a higher 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 (10.352) is normal, around the industry mean (19.856). P/E Ratio (294.118) is within average values for comparable stocks, (152.778). Projected Growth (PEG Ratio) (0.910) is also within normal values, averaging (2.642). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (15.060) is also within normal values, averaging (74.113).
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. PLTR’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 90, placing this stock worse than average.
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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
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PLTR and
Correlation & Price change
A.I.dvisor indicates that over the last year, PLTR has been closely correlated with COIN. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if PLTR jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To PLTR | 1D Price Change % | ||
|---|---|---|---|---|
| PLTR | 100% | -1.83% | ||
| COIN - PLTR | 69% Closely correlated | -1.71% | ||
| CLSK - PLTR | 66% Loosely correlated | -4.13% | ||
| RIOT - PLTR | 63% Loosely correlated | -2.16% | ||
| NET - PLTR | 62% Loosely correlated | -1.85% | ||
| BSY - PLTR | 60% Loosely correlated | -1.93% | ||
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