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.
The Moving Average Convergence Divergence (MACD) for NOV turned positive on February 23, 2024. Looking at past instances where NOV's MACD turned positive, the stock continued to rise in of 40 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 07, 2024. You may want to consider a long position or call options on NOV as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
NOV moved above its 50-day moving average on March 13, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NOV crossed bullishly above the 50-day moving average on March 20, 2024. 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 3-day Advance, the price is estimated to grow further. Considering data from situations where NOV advanced for three days, in of 293 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 231 cases where NOV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The RSI Oscillator demonstrated that the stock has entered the overbought zone. This may point to a price pull-back soon.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 14 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 50-day moving average for NOV moved below the 200-day moving average on March 06, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
NOV broke above its upper Bollinger Band on March 13, 2024. 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.
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 (1.247) is normal, around the industry mean (3.874). P/E Ratio (7.808) is within average values for comparable stocks, (51.968). Projected Growth (PEG Ratio) (0.268) is also within normal values, averaging (2.537). Dividend Yield (0.010) settles around the average of (0.040) among similar stocks. P/S Ratio (0.903) is also within normal values, averaging (1.488).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 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 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 79, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in manufacturing of oil & gas drilling field machinery and equipment
Industry OilfieldServicesEquipment