Digital Trading Dynamo: Trader Bot Excels, Yielding +9.98% for $GOGL
The latest data from "Day Trader: Medium Volatility Stocks for Active Trading (TA&FA)" reveals impressive results, with these intelligent bots generating a substantial +9.98% gain while trading GOGL over the previous week. Let's delve into the technical analysis behind this success and explore the factors that contributed to this notable performance.
Aroon Indicator Signals Bullish Momentum
One of the key indicators that caught the attention of these AI trading bots is the Aroon Indicator for GOGL. On October 25, 2023, the Aroon Indicator signaled a bullish move, as Tickeron's A.I.dvisor identified the AroonUp green line rising above 70 while the AroonDown red line remained below 30. Traditionally, this configuration suggests a potential bullish trend, prompting traders to consider buying the stock or exploring call options.
A.I.dvisor's historical analysis, based on 245 similar instances, revealed a striking pattern. In 208 of these cases, stocks exhibited an upward trajectory in the days following the Aroon Indicator's bullish signal, providing an 85% success rate. This statistical insight adds confidence to the notion that GOGL could be poised for further gains.
Earnings Report Surpasses Expectations
Examining the fundamental aspects, GOGL's recent earnings report on November 21 showcased robust performance. Earnings per share stood at 14 cents, surpassing the estimated 5 cents. With 868.15K shares outstanding, the current market capitalization is a substantial 1.80B. This positive earnings surprise is likely to have fueled investor confidence and contributed to the recent uptrend.
Comparative Market Cap Analysis
Contextualizing GOGL within the Marine Shipping Industry, the stock's market capitalization of 1.80B is noteworthy. While this places GOGL below the industry's average of 4.41B, it positions itself above the lowest-valued company, PRGNF, at 1.87K. HPGLY claims the highest valuation at 40.18B, providing a spectrum of market cap values within the industry.
Price Movements and Industry Trends
Analyzing price movements across the Marine Shipping Industry, GOGL's average weekly, monthly, and quarterly growth of 3%, 5%, and 12%, respectively, aligns with industry norms. Notable exceptions include TOPS, experiencing an impressive 61% weekly growth, and NAT, undergoing a -11% decline. These statistics underscore GOGL's performance as commendable within the industry's varied landscape.
Volume Analysis: A Closer Look
In terms of trading volume, GOGL's average weekly volume growth of -8% stands out against industry averages. However, monthly and quarterly metrics reveal more promising figures, with a 29% and 5% increase, respectively. These dynamics indicate potential shifts in market sentiment and heightened interest in GOGL, providing additional context for the recent price movements.
In summary, the success of AI trading bots in navigating GOGL's recent volatility is underscored by a combination of technical and fundamental factors. The Aroon Indicator's bullish signal, coupled with strong earnings performance, positions GOGL favorably in the Marine Shipping Industry.
GOGL in downward trend: 10-day moving average moved below 50-day moving average on November 21, 2024
The 10-day moving average for GOGL crossed bearishly below the 50-day moving average on November 21, 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 .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on GOGL as a result. In of 83 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 GOGL turned negative on November 22, 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 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
GOGL moved below its 50-day moving average on November 20, 2024 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 GOGL 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 GOGL entered a downward trend on December 20, 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.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 7 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 19 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.
GOGL 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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 (0.902) is normal, around the industry mean (2.204). P/E Ratio (7.198) is within average values for comparable stocks, (20.939). GOGL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.454). Dividend Yield (0.138) settles around the average of (0.093) among similar stocks. P/S Ratio (1.725) is also within normal values, averaging (1.681).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock slightly 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 SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GOGL’s price grows at a higher 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.
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Fundamental Analysis Ratings
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General Information
a provider of dry bulk shipping services
Industry MarineShipping