GME Trading Benefits from Tickeron's Robot Factory, Recording 38.87% Growth
The Swing Trader: Downtrend Protection v.2 (TA) AI trading robot has demonstrated remarkable performance in our robot factory, achieving a significant gain of 38.87% during the previous 6-month period while trading GME. In this article, we will analyze both the technical indicators and the recent earnings results for GME to provide a comprehensive assessment of its current prospects.
Technical Analysis: On May 16, 2023, an encouraging bullish signal was observed as the 10-day moving average for GME crossed above the 50-day moving average. This occurrence suggests a positive shift in the trend, indicating a potential buy signal for traders. Notably, in 15 out of 16 similar past instances, where the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. This historical data suggests a strong likelihood, approximately 90%, of a continued upward trend.
Earnings Results: The most recent earnings report for GME, released on March 21, revealed earnings per share (EPS) of 15 cents, surpassing the estimated -12 cents. This positive earnings surprise indicates a strong financial performance by the company. With 1.82 million shares outstanding, the current market capitalization of GME stands at 7.52 billion.
Analysis: The combination of the Swing Trader: Downtrend Protection v.2 (TA) AI trading robot's impressive gain of 38.87% over the past 6 months and the bullish technical signal of the 10-day moving average crossing above the 50-day moving average strengthens the case for considering GME as a potential investment opportunity.
Furthermore, GME's earnings report exceeded expectations, with an EPS of 15 cents, significantly surpassing the estimated -12 cents. This positive earnings surprise reflects the company's strong financial performance and demonstrates its ability to outperform market forecasts.
Based on the technical analysis and recent earnings results, GME appears to have favorable prospects for future growth. The Swing Trader: Downtrend Protection v.2 (TA) AI trading robot's track record and the bullish signal generated by the moving averages increase the confidence in the potential for an extended upward trend in the stock price.
GME in downward trend: 10-day moving average crossed below 50-day moving average on October 08, 2024
The 10-day moving average for GME crossed bearishly below the 50-day moving average on October 08, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 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 Moving Average Convergence Divergence Histogram (MACD) for GME turned negative on October 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
GME moved below its 50-day moving average on October 01, 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 GME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on October 22, 2024. You may want to consider a long position or call options on GME as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 GME advanced for three days, in of 267 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. GME’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GME’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.
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.
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: P/B Ratio (2.740) is normal, around the industry mean (12.064). GME's P/E Ratio (599.500) is considerably higher than the industry average of (36.044). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (0.694) is also within normal values, averaging (18.679).
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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a retaier of video game products and PC entertainment software
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