Growth Update: Trader Robot Delivers +4.07% Return for LRCX
These bots employ sophisticated algorithms to analyze market data and execute trades with remarkable speed and accuracy. In this article, we explore the performance of AI trading bots accessible through Day Trader: High Volatility Stocks for Active Trading (TA&FA) and their recent success with LRCX, a high volatility stock. However, amidst this success, recent indicators suggest a potential downward shift, raising caution for traders.
Analyzing the Recent Performance:
Over the previous week, the AI trading bots accessible through Day Trader: High Volatility Stocks for Active Trading (TA&FA) demonstrated their effectiveness by generating a notable gain of +4.07% while trading LRCX. This impressive result underscores the potential benefits of AI-driven trading strategies, particularly in volatile markets.
Momentum Indicator Signals Potential Downward Move:
However, it is crucial to note that LRCX's Momentum Indicator recently dipped below the 0 level on July 07, 2023. This indicates a possible shift towards a new downward trend. Traders should interpret this as a warning sign and consider appropriate actions, such as selling the stock or exploring put options, to mitigate potential losses.
Insights from Tickeron's A.I.dvisor:
To gain further insights into the significance of the negative momentum indicator, we turn to Tickeron's A.I.dvisor. Upon analyzing 82 similar instances where the indicator turned negative, it was observed that in 57 out of the 82 cases, the stock moved further down in the following days. This statistical analysis indicates that the odds of a decline in LRCX's price are currently at 70%. Hence, traders should exercise caution and closely monitor the stock's performance.
Earnings Report and Market Capitalization:
Taking a broader perspective, let's examine LRCX's recent earnings report. On April 19, the company reported earnings per share (EPS) of $6.99, surpassing the estimated value of $6.52. This positive earnings surprise suggests that LRCX performed better than anticipated. With 710.70K shares outstanding, the current market capitalization stands at an impressive $83.00 billion.
Summary:
The utilization of AI trading bots, such as those accessible through Day Trader: High Volatility Stocks for Active Trading (TA&FA) has yielded a remarkable gain of +4.07% while trading LRCX over the past week. Nevertheless, traders should exercise caution due to the recent negative momentum indicator, signaling a potential downward move. Tickeron's A.I.dvisor analysis indicates a 70% chance of decline based on similar instances. As always, it is essential for traders to stay vigilant, considering the dynamics of the market, company-specific factors, and continuously evolving indicators to make informed trading decisions.
LRCX in downward trend: 10-day moving average moved below 50-day moving average on September 18, 2023
The 10-day moving average for LRCX crossed bearishly below the 50-day moving average on September 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 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 Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on LRCX as a result. In of 87 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 Moving Average Convergence Divergence Histogram (MACD) for LRCX turned negative on September 08, 2023. 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 50 similar instances when the indicator turned negative. In of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at .
LRCX moved below its 50-day moving average on September 11, 2023 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 LRCX 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where LRCX's RSI Indicator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where LRCX advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .
LRCX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 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 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 fair valued 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 (9.990) is normal, around the industry mean (7.984). P/E Ratio (18.622) is within average values for comparable stocks, (53.953). Projected Growth (PEG Ratio) (2.268) is also within normal values, averaging (2.360). Dividend Yield (0.012) settles around the average of (0.022) among similar stocks. P/S Ratio (4.824) is also within normal values, averaging (72.684).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. LRCX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of semiconductor processing equipment
Industry Semiconductors
LRCX and
Correlation & Price change
A.I.dvisor indicates that over the last year, LRCX has been closely correlated with AMAT. These tickers have moved in lockstep 92% of the time. This A.I.-generated data suggests there is a high statistical probability that if LRCX jumps, then AMAT could also see price increases.
| Ticker / NAME | Correlation To LRCX | 1D Price Change % | ||
|---|---|---|---|---|
| LRCX | 100% | -1.37% | ||
| AMAT - LRCX | 92% Closely correlated | -1.30% | ||
| KLAC - LRCX | 90% Closely correlated | -1.20% | ||
| DIOD - LRCX | 84% Closely correlated | -0.65% | ||
| LSCC - LRCX | 84% Closely correlated | -2.06% | ||
| ASML - LRCX | 84% Closely correlated | -1.32% | ||
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