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 May 26, 2023. 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 348 similar instances where the Aroon Indicator showed a similar pattern. In of the 348 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 May 04, 2023. You may want to consider a long position or call options on NVDA as a result. In of 76 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 May 15, 2023. Looking at past instances where NVDA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 346 cases, the price rose further within the following month. The odds of a continued upward trend are .
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
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.
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 May 25, 2023. 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
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 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 (39.216) is very high in comparison to the industry average of (6.993). NVDA has a moderately high P/E Ratio (204.082) as compared to the industry average of (54.487). Projected Growth (PEG Ratio) (2.249) is also within normal values, averaging (2.587). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (37.594) is also within normal values, averaging (11.516).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows