An AI trading robot produced 4.06% increase for BBIG last week.
This AI trading robot, available at Swing trader: Volatility Balanced Strategy v.2 (TA), was a top performer in our robot factory, generating a 4.06% for BBIG over the past week.
An AI trading robot produced a 4.06% increase for BBIG last week, marking a significant gain for the stock. This impressive result was achieved through the use of advanced algorithms and machine learning techniques, which enabled the robot to analyze large amounts of data and make informed trading decisions.
However, it is important to note that the stock had been moving lower for three straight days prior to the robot's intervention. From a technical analysis perspective, this is generally viewed as a bearish sign and suggests that there may be further declines to come.
Indeed, historical data shows that in situations where BBIG has declined for three days, there is a strong likelihood that the price will continue to decline in the following month. Specifically, in 301 out of 322 cases, the price declined further within the month following a three-day decline. This gives the odds of a continued downward trend at around 90%.
While the AI trading robot was able to produce a positive result in this instance, it is important to bear in mind that there are no guarantees when it comes to investing in the stock market. Technical analysis can provide valuable insights into market trends and patterns, but it should always be used in conjunction with other forms of analysis and due diligence.
Ultimately, the success of an AI trading robot will depend on a variety of factors, including the quality of the data it is trained on, the accuracy of its algorithms, and the effectiveness of its trading strategies. By leveraging the power of machine learning and artificial intelligence, however, these robots have the potential to revolutionize the way we invest and trade in the stock market.
Momentum Indicator for BBIG turns negative, indicating new downward trend
BBIG saw its Momentum Indicator move below the 0 level on May 26, 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 92 similar instances where the indicator turned negative. In of the 92 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBIG 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 BBIG entered a downward trend on May 26, 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 BBIG'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 suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where BBIG'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 Moving Average Convergence Divergence (MACD) for BBIG just turned positive on May 19, 2023. Looking at past instances where BBIG'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 .
BBIG moved above its 50-day moving average on May 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BBIG crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 +2 3-day Advance, the price is estimated to grow further. Considering data from situations where BBIG advanced for three days, in of 208 cases, the price rose further within the following month. The odds of a continued upward trend are .
BBIG 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 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 (0.237) is normal, around the industry mean (23.300). P/E Ratio (0.019) is within average values for comparable stocks, (31.327). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.643). Dividend Yield (0.000) settles around the average of (0.067) among similar stocks. P/S Ratio (0.682) is also within normal values, averaging (3.832).
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BBIG’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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBIG’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 85, placing this stock worse than average.
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