An AI trading robot produced a 9.98% increase for NOV last month.
This AI trading robot, available at Swing Trader, Long Only: Valuation & Profitability Model (FA), was a top performer in our robot factory, generating 9.98% for NOV over the past month.
Artificial intelligence (AI) trading robots have become increasingly popular in recent years. These systems use advanced algorithms and machine learning techniques to analyze market data and make trading decisions. One such robot, Tickeron's A.I.dvisor, produced a 9.98% increase for NOV last month. In this article, we will explore the technical analysis behind this success.
NOV is a publicly traded company that operates in the oil and gas industry. On March 31, 2023, NOV's Momentum Indicator moved above the 0 level. This is a bullish signal that suggests the stock could be entering a new upward trend. Traders who are looking for a buying opportunity may want to consider buying the stock or buying call options.
Tickeron's A.I.dvisor analyzed 86 similar instances where the Momentum Indicator turned positive. In 70 of these cases, the stock moved higher in the following days. This suggests that the odds of a move higher are at 81%.
Tickeron's A.I.dvisor uses a variety of technical indicators to analyze market data and make trading decisions. Some of the key indicators used by this robot include moving averages, trendlines, and relative strength index (RSI). The robot also uses machine learning techniques to identify patterns in the data and make predictions about future price movements.
One of the key advantages of using an AI trading robot like Tickeron's A.I.dvisor is that it can process vast amounts of data much faster than a human trader. This allows the robot to identify opportunities and make trading decisions in real-time. Additionally, AI robots are not subject to emotions like fear or greed, which can sometimes cloud a human trader's judgement.
However, it's important to note that AI trading robots are not infallible. Like any trading system, there is always a risk of losses. Traders who are considering using an AI trading robot should always conduct their own due diligence and carefully consider the risks before making any investment decisions.
Tickeron's A.I.dvisor produced a 9.98% increase for NOV last month by analyzing market data and identifying a bullish trend. Traders who are looking for a buying opportunity may want to consider buying the stock or buying call options. However, it's important to remember that AI trading robots are not infallible and there is always a risk of losses. Traders should always conduct their own due diligence and carefully consider the risks before making any investment decisions.
NOV's RSI Indicator climbs out of oversold territory
The RSI Oscillator for NOV moved out of oversold territory on December 23, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 25 similar instances when the indicator left oversold territory. In of the 25 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 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 NOV advanced for three days, in of 285 cases, the price rose further within the following month. The odds of a continued upward trend are .
NOV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 04, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NOV as a result. In of 94 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 NOV turned negative on November 27, 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 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
NOV moved below its 50-day moving average on December 04, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NOV crossed bearishly below the 50-day moving average on December 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 NOV 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 NOV entered a downward trend on December 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.258) is normal, around the industry mean (2.381). P/E Ratio (7.880) is within average values for comparable stocks, (41.941). Projected Growth (PEG Ratio) (0.268) is also within normal values, averaging (2.692). Dividend Yield (0.010) settles around the average of (0.040) among similar stocks. P/S Ratio (0.911) is also within normal values, averaging (1.552).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 slightly worse than average price growth. NOV’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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NOV’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 71, placing this stock worse than average.
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General Information
a company which engages in manufacturing of oil & gas drilling field machinery and equipment
Industry OilfieldServicesEquipment