Another Quick Win on NVDA Stock: +5.46% in One Week.
This week, our market robots are experiencing a consolidation, not showing significant profits compared to previous weeks. However, there are some individual stocks that are performing exceptionally well. For instance, the robot Swing-Trader-Popular-Stocks-Short-Bias-Strategy-TA-FA earned over 5% on NVDA stock with just one trade.
Strategy Description: This robot is designed for traders who prefer to trade popular stocks with good liquidity and low spreads, primarily focusing on short positions. Its strategy is based on a combination of several algorithms to identify upcoming uptrend reversal points, making it effective during market instability.
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This robot is best suited for active swing traders with sufficient time to monitor 50-60 trades simultaneously. With an average trade duration of 3 days, following the signals of this robot is straightforward and affordable, even for beginner traders.
The stock selection process involves a new proprietary method developed by our team of quants, assessing the strength and quality of momentum in the most active stocks in the US stock market. Subsequently, a complex algorithm utilizing various technical indicators determines the entry points for positions. Special attention is given to balancing short and long positions, enabling the robot to withstand changes in the primary market trend.
The robot's trading results are shown without utilizing margin. For comprehensive trading statistics and equity charts, users can click the "show more" button on the robot page. In the "Open Trades" tab, users can observe how the AI Robot selects equities, enters, and exits paper trades. The "Closed Trades" tab allows users to review all previous trades executed by the AI Robot.
Conclusion: Market robots may display varying results based on strategy and stock selection. The NVDA stock trading strategy presented by the robot Swing-Trader-Popular-Stocks-Short-Bias-Strategy-TA-FA has proven successful, earning over 5% with just one trade. Despite the market consolidation this week, active swing traders may find interest in this strategy and review its performance to make informed decisions about trading with this robot. For more detailed information regarding the trading statistics and performance of the robot, it is recommended to explore the full data on the robot's page.
Aroon Indicator for NVDA shows an upward move is likely
NVDA's Aroon Indicator triggered a bullish signal on October 28, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 371 similar instances where the Aroon Indicator showed a similar pattern. In of the 371 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
NVDA moved above its 50-day moving average on September 23, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NVDA crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 NVDA advanced for three days, in of 369 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for NVDA moved out of overbought territory on October 23, 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NVDA broke above its upper Bollinger Band on October 08, 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. NVDA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 67, placing this stock better than average.
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 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: NVDA's P/B Ratio (51.282) is very high in comparison to the industry average of (7.487). P/E Ratio (56.934) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.306) is also within normal values, averaging (2.825). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (31.447) is also within normal values, averaging (43.322).
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General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
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