AI Trading Robot Yields a Stellar 5.06% Profit for TQQQ Amidst Oscillating Market Signals
With the advent of artificial intelligence (AI) in financial trading, the landscape of investment is shifting towards automated decision-making systems. One such AI trading robot has generated an impressive 5.06% profit for TQQQ in the previous week, demonstrating the potential of AI in navigating the tumultuous waters of financial markets.
In the past week, the AI trading bot's performance came into the limelight as it successfully turned around the odds in favor of investors. This is notable given the recent trading signals for TQQQ, which pointed towards a potential decline in the stock price.
On July 20, 2023, the 10-day Relative Strength Index (RSI) Oscillator for TQQQ moved out of the overbought zone. Historically, this has often signaled a shift from an upward trend to a downward trend in the stock. The conventional wisdom among traders suggests that such a transition might warrant selling the stock or buying put options as a form of hedging.
To back this up with data, Tickeron's A.I.dvisor analyzed 47 instances where TQQQ's RSI Oscillator moved out of the overbought zone. The stock indeed trended lower in the days following 43 of those 47 occurrences. This historical analysis implies that the probability of a downward move sits at a substantial 90%.
However, in this case, the AI trading robot managed to defy these odds, not only maintaining a positive yield but also generating a substantial profit of 5.06% for TQQQ in the last week. This impressive performance showcases the power of AI in managing complex, non-linear trading scenarios.
The AI trading robot's ability to deliver profitable trades despite strong indicators suggesting a possible bearish trend highlights the sophistication of its algorithms. Such AI-driven platforms are designed to incorporate multiple factors, using advanced machine learning techniques to recognize patterns and predict future price movements that may not be evident in traditional analyses.
The trading bot's recent success with TQQQ serves as a testament to the potential of AI in modern investment strategies. As the financial world becomes increasingly complex and intertwined, AI and machine learning technologies continue to emerge as potent tools for navigating and extracting value from this complexity.
While AI trading robots offer promising results, investors should exercise due diligence, as all investments come with inherent risks. Despite its impressive performance with TQQQ, the trading bot's effectiveness may not always guarantee future profits. Investors should always consider their risk tolerance, financial goals, and the ever-present element of market unpredictability.
TQQQ in downward trend: price dove below 50-day moving average on September 15, 2023
TQQQ moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend. In of 35 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TQQQ as a result. In of 72 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 TQQQ turned negative on September 18, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for TQQQ crossed bearishly below the 50-day moving average on September 15, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TQQQ 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 TQQQ 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where TQQQ's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated 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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TQQQ advanced for three days, in of 373 cases, the price rose further within the following month. The odds of a continued upward trend are .
TQQQ 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)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| MBNE | 28.84 | -0.01 | -0.05% |
| SPDR® Nuveen Municipal Bond ESG ETF | |||
| AVK | 10.84 | -0.03 | -0.28% |
| Advent Convertible and Income Fund | |||
| EVUS | 24.42 | -0.08 | -0.32% |
| iShares ESG Aware MSCI USA Value ETF | |||
| FCPI | 32.72 | -0.16 | -0.49% |
| Fidelity® Stocks for Inflation ETF | |||
| DBC | 25.33 | -0.21 | -0.82% |
| Invesco DB Commodity Tracking | |||
TQQQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, TQQQ has been closely correlated with QLD. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if TQQQ jumps, then QLD could also see price increases.
| Ticker / NAME | Correlation To TQQQ | 1D Price Change % | ||
|---|---|---|---|---|
| TQQQ | 100% | -4.34% | ||
| QLD - TQQQ | 100% Closely correlated | -2.90% | ||
| IWFL - TQQQ | 98% Closely correlated | -2.62% | ||
| ROM - TQQQ | 98% Closely correlated | -3.31% | ||
| TECL - TQQQ | 97% Closely correlated | -4.83% | ||
| BULZ - TQQQ | 97% Closely correlated | -6.08% | ||
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