One particular example is the employment of AI trading robots, such as the ones offered by "Swing trader: Top High-Volatility Stocks v.2 (TA)" These advanced bots have recently demonstrated their potential by generating a notable +3.26% gain while trading NET over the previous week. In this article, we will delve into the technical analysis of NET's recent trading patterns and earnings results to gain insights into the stock's future prospects.
Bearish Sign:
Three Consecutive Days of Decline NET, the stock under consideration, experienced a downward trend for three consecutive days, which is generally perceived as a bearish sign. Market analysts advise closely monitoring this stock for potential further declines. Drawing from historical data, we observe that in 169 out of 208 instances where NET declined for three days, the price continued to decline further within the following month. This statistical pattern suggests that the odds of a continued downward trend for NET are at 81%.
Impressive Earnings Report:
Surpassing Expectations Looking at NET's most recent earnings report on April 27, the company reported earnings per share of 7 cents, surpassing the estimated 2 cents. This positive outcome indicates that NET outperformed market expectations, which can often have a favorable impact on investor sentiment. Furthermore, with 4.37 million shares outstanding, the current market capitalization of NET stands at an impressive 21.32 billion dollars.
Summary:
The utilization of AI trading robots, exemplified by the success of the "Swing trader: Top High-Volatility Stocks v.2 (TA)" bots, presents a promising avenue for traders and investors. In the case of NET, these bots achieved a commendable +3.26% gain over the course of the previous week, showcasing their potential to navigate high-volatility stocks effectively. However, caution is warranted as NET has experienced a three-day decline, which historically has often led to further downward movement. As market participants assess their positions, they should factor in the company's robust earnings performance and the current market capitalization. By considering these technical analysis insights, traders can make informed decisions regarding NET's future trajectory.
NET saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 19, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 41 instances where the indicator turned negative. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NET as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
NET moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for NET entered a downward trend on August 23, 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.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, 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 NET advanced for three days, in of 268 cases, the price rose further within the following month. The odds of a continued upward trend are .
NET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 (31.250) is normal, around the industry mean (21.161). P/E Ratio (0.000) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (1.934) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (17.544) is also within normal values, averaging (74.261).
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 90, 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 the provision of cloud-based services to secure websites
Industry PackagedSoftware
A.I.dvisor indicates that over the last year, NET has been closely correlated with DDOG. These tickers have moved in lockstep 73% 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% | -0.27% | ||
DDOG - NET | 73% Closely correlated | -0.90% | ||
TEAM - NET | 72% Closely correlated | -2.21% | ||
CFLT - NET | 71% Closely correlated | -2.64% | ||
MNDY - NET | 70% Closely correlated | -1.02% | ||
ZS - NET | 70% Closely correlated | -0.53% | ||
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