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.
The Moving Average Convergence Divergence (MACD) for GME turned positive on August 30, 2023. Looking at past instances where GME's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where GME's RSI Oscillator exited the oversold zone, of 42 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GME advanced for three days, in of 264 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on September 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GME as a result. In of 81 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 50-day moving average for GME moved below the 200-day moving average on August 30, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an 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 .
The Aroon Indicator for GME entered a downward trend on September 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 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 78, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GME’s price grows at a lower 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.
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 (4.131) is normal, around the industry mean (12.058). P/E Ratio (0.000) is within average values for comparable stocks, (23.780). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.670). GME has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (0.898) is also within normal values, averaging (82.411).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a retaier of video game products and PC entertainment software
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A.I.dvisor indicates that over the last year, GME has been loosely correlated with CHPT. These tickers have moved in lockstep 45% of the time. This A.I.-generated data suggests there is some statistical probability that if GME jumps, then CHPT could also see price increases.