This article examines the performance of an AI trading robot from Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) on NVDA (NVIDIA Corporation) stock. Additionally, we will delve into the technical analysis of NVDA, specifically focusing on the Moving Average Convergence Divergence (MACD) indicator. Furthermore, we will provide an overview of NVDA's recent earnings report and its impact on the company's market capitalization.
AI Trading Robot's Performance: The AI trading robot from Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) showcased remarkable performance during the evaluated period, generating a notable return of 6.99% for NVDA. This achievement positions the robot as a top performer within Tickeron's robot factory for that specific week. The success of the AI trading robot demonstrates the potential of utilizing AI technologies in trading decisions and highlights its ability to identify profitable opportunities.
Technical Analysis - Moving Average Convergence Divergence (MACD): On May 15, 2023, NVDA's MACD turned positive, indicating a potentially bullish trend. By analyzing historical data, we observe that in 43 out of 49 previous instances where NVDA's MACD turned positive, the stock continued to rise over the following month. This suggests a strong correlation between the MACD indicator and the stock's future performance. With odds of 88% favoring a continued upward trend, investors may find this information valuable when making trading decisions regarding NVDA.
Earnings Overview: The latest earnings report for NVDA was released on February 22, 2023. The report revealed earnings per share (EPS) of 87 cents, surpassing the estimated figure of 81 cents. This positive earnings surprise suggests that NVDA's financial performance exceeded market expectations, reflecting the company's strong operational performance during that period.
Market Capitalization: With 8.91 million shares outstanding, NVDA's current market capitalization stands at an impressive $773.20 billion. The market capitalization represents the total value of a company's outstanding shares and is a crucial metric for assessing a company's size and overall market worth. The substantial market capitalization of NVDA signifies its significant presence in the market and reflects investor confidence in the company's future prospects.
The AI trading robot from Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) has demonstrated impressive performance on NVDA stock, generating a notable return. The positive turn of NVDA's MACD further supports the notion of a potential upward trend. Moreover, NVDA's recent earnings report showcased strong financial results, surpassing market expectations. With a substantial market capitalization, NVDA continues to solidify its position as a leading player in the market. Investors and traders may find these insights valuable when considering their strategies and decisions regarding NVDA stock.
NVDA's Aroon Indicator triggered a bullish signal on October 16, 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 379 similar instances where the Aroon Indicator showed a similar pattern. In of the 379 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The Momentum Indicator moved above the 0 level on September 17, 2024. You may want to consider a long position or call options on NVDA as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NVDA just turned positive on September 13, 2024. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
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 370 cases, the price rose further within the following month. The odds of a continued upward trend are .
The 10-day RSI Indicator for NVDA moved out of overbought territory on October 15, 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 48 similar instances where the indicator moved out of overbought territory. In of the 48 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 7 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 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 (7.455). P/E Ratio (56.934) is within average values for comparable stocks, (58.452). 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 (43.049).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors