An AI trading robot generated a 6.38% profit for NET in the previous month.
The best AI trading robot in our robot factory, Swing trader: Downtrend Protection v.2 (TA), generated a return of 5.07% for NET during the past month.
Artificial intelligence (AI) has revolutionized the financial industry, and one area where it has had a significant impact is in trading. AI-powered trading robots have become increasingly popular in recent years due to their ability to analyze vast amounts of data and make informed trading decisions.
In the case of NET, an AI trading robot was used to generate a 6.38% profit in the previous month. This is a significant return, and it highlights the potential benefits of using AI in trading.
One of the technical indicators that the AI trading robot may have used to make its trading decisions is the Moving Average Convergence Divergence (MACD). The MACD is a popular momentum indicator that traders use to identify changes in trend and momentum. When the MACD line crosses above the signal line, it is considered a bullish signal, indicating that the momentum has shifted to the upside.
In the case of NET, the MACD turned positive on March 29, 2023, which is a bullish signal. To further analyze the significance of this event, we can look at past instances where the MACD turned positive for NET. According to historical data, the stock continued to rise in 35 of 37 cases over the following month. This means that the odds of a continued upward trend are 90%, which is a promising sign for traders.
It is important to note that past performance is not always indicative of future results. However, the use of AI and technical analysis can help traders make more informed decisions based on historical trends and patterns.
The use of AI in trading has proven to be effective in generating profits, as demonstrated by the 6.38% return generated by the AI trading robot for NET in the previous month. Technical indicators such as the MACD can provide valuable insights into market trends and help traders make more informed decisions. With the odds of a continued upward trend in NET looking promising, traders may want to consider adding it to their portfolio.
Momentum Indicator for NET turns positive, indicating new upward trend
NET saw its Momentum Indicator move above the 0 level on May 12, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 65 similar instances where the indicator turned positive. In of the 65 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for NET just turned positive on May 15, 2023. Looking at past instances where NET's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
NET moved above its 50-day moving average on May 18, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NET crossed bullishly above the 50-day moving average on May 26, 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 .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where NET advanced for three days, in of 249 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 209 cases where NET 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 RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NET broke above its upper Bollinger Band on May 30, 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)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NET’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 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 (33.670) is normal, around the industry mean (31.306). P/E Ratio (0.000) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (2.818) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (20.619) is also within normal values, averaging (70.523).
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. NET’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.
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
a company, which engages in the provision of cloud-based services to secure websites
Industry PackagedSoftware
NET and
Correlation & Price change
A.I.dvisor indicates that over the last year, NET has been closely correlated with DDOG. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if NET jumps, then DDOG could also see price increases.
| Ticker / NAME | Correlation To NET | 1D Price Change % | ||
|---|---|---|---|---|
| NET | 100% | +8.21% | ||
| DDOG - NET | 84% Closely correlated | +0.57% | ||
| PD - NET | 77% Closely correlated | +1.31% | ||
| CFLT - NET | 77% Closely correlated | +7.42% | ||
| TEAM - NET | 76% Closely correlated | +1.63% | ||
| AYX - NET | 76% Closely correlated | +3.13% | ||
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