Our robot factory's top-performing AI trading robot, which can be found at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), produced a 7.01% return for MELI during the last week.
The world of trading and investing is rapidly evolving with the introduction of Artificial Intelligence (AI) and Machine Learning (ML) algorithms. In recent years, AI-powered trading robots have been gaining popularity as they can efficiently analyze market data and execute trades based on predefined criteria.
One such trading robot is Tickeron's A.I.dvisor, which uses advanced AI algorithms to scan through a vast amount of financial data and provide traders with actionable insights. Last week, A.I.dvisor produced an impressive 7.01% increase for MercadoLibre Inc. (MELI), a popular e-commerce company in Latin America.
A.I.dvisor detected a bullish signal for MELI on March 15, 2023, when the stock's Aroon Indicator triggered a buy signal. The Aroon Indicator is a technical analysis tool that measures the strength of a trend and the likelihood of a reversal. It consists of two lines, the AroonUp and AroonDown, which fluctuate between 0 and 100. When the AroonUp line crosses above the 70 level, and the AroonDown line remains below 30, it is a sign that the stock could be setting up for a bullish move.
Using its advanced algorithms, A.I.dvisor analyzed 291 similar instances where the Aroon Indicator showed a similar pattern. In 254 of these cases, the stock moved higher in the days that followed, giving an 87% probability of a bullish move.
Traders who followed A.I.dvisor's recommendation and bought MELI or call options on March 15th would have profited handsomely as the stock gained 7.01% in just one week. This is a testament to the power of AI and ML algorithms in today's financial markets.
In conclusion, AI-powered trading robots like A.I.dvisor are becoming increasingly popular among traders and investors due to their ability to analyze vast amounts of data and provide actionable insights. A.I.dvisor's bullish signal for MELI, based on the Aroon Indicator, was spot on, resulting in a 7.01% increase for the stock in just one week. This is an excellent example of how AI and ML algorithms are revolutionizing the world of trading and investing.
MELI moved below its 50-day moving average on February 23, 2024 date and that indicates a change from an upward trend to a downward trend. In of 30 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The 10-day RSI Indicator for MELI moved out of overbought territory on January 29, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on February 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MELI as a result. In of 96 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 MELI turned negative on February 06, 2024. 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 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MELI 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 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 MELI advanced for three days, in of 361 cases, the price rose further within the following month. The odds of a continued upward trend are .
MELI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 290 cases where MELI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable 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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
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. MELI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 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 (26.316) is normal, around the industry mean (17.758). P/E Ratio (81.978) is within average values for comparable stocks, (75.888). Projected Growth (PEG Ratio) (1.569) is also within normal values, averaging (3.369). Dividend Yield (0.000) settles around the average of (0.031) among similar stocks. P/S Ratio (5.621) is also within normal values, averaging (4.214).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a providesr of internet trading services
A.I.dvisor indicates that over the last year, MELI has been loosely correlated with CVNA. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if MELI jumps, then CVNA could also see price increases.