For BX over the past month, an AI trading robot generated a 7.37% gain.
This AI trading robot, accessible through Swing Trader, Popular Stocks ($3.5K per position): Long Bias Strategy (TA&FA) has proven to be a top performer at our robot factory, generating a 7.37% return for BX over the past month.
Over the past month, an AI trading robot accessible through Swing Trader, Popular Stocks ($3.5K per position): Long Bias Strategy (TA&FA) has generated a 7.37% gain for BX, making it one of the top performers in the robot factory. The robot uses both technical analysis (TA) and fundamental analysis (FA) to identify trading opportunities and execute trades.
One of the technical indicators that the robot likely uses is the Moving Average Convergence Divergence (MACD), which turned positive for BX on April 13, 2023. The MACD is a commonly used momentum indicator that calculates the difference between two moving averages of different time periods. When the MACD line crosses above the signal line, it is considered a bullish signal, indicating that the stock's momentum is shifting to the upside.
Looking at past instances where BX's MACD turned positive, we see that the stock continued to rise in 39 out of 46 cases over the following month. This gives us an 85% probability of a continued upward trend in the stock. Of course, past performance is not a guarantee of future results, but it is still an encouraging sign for traders.
In terms of earnings results, BX recently reported better-than-expected earnings for the first quarter of 2023. The company reported earnings per share (EPS) of $1.52, beating analysts' estimates of $1.43. Revenue for the quarter also exceeded expectations, coming in at $2.18 billion versus the expected $2.07 billion. BX's alternative asset management business, which includes private equity, real estate, and credit, performed particularly well during the quarter.
Overall, the combination of the AI trading robot's 7.37% gain for BX over the past month and the positive MACD signal, along with the company's strong earnings results, suggests that the stock may continue to perform well in the near term. As always, traders should conduct their own analysis and risk management before making any trading decisions.
BX's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for BX turned positive on May 22, 2023. Looking at past instances where BX'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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on BX as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
BX moved above its 50-day moving average on May 26, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BX crossed bullishly above the 50-day moving average on June 01, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 BX advanced for three days, in of 387 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 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 BX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BX broke above its upper Bollinger Band on June 02, 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.
Fundamental Analysis (Ratings)
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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: BX's P/B Ratio (9.276) is slightly higher than the industry average of (2.317). P/E Ratio (109.890) is within average values for comparable stocks, (74.271). Projected Growth (PEG Ratio) (2.643) is also within normal values, averaging (4.354). Dividend Yield (0.044) settles around the average of (0.073) among similar stocks. P/S Ratio (14.535) is also within normal values, averaging (44.238).
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 83, placing this stock 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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.
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Fundamental Analysis Ratings
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General Information
a provider of investment and fund management services
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BX and
Correlation & Price change
A.I.dvisor indicates that over the last year, BX has been closely correlated with KKR. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if BX jumps, then KKR could also see price increases.
