Last month, an AI trading robot generated a 5.79% gain for NKE.
This AI trading robot, available at Swing Trader, Popular Stocks ($3.5K per position): Long Bias Strategy (TA&FA), was one of the best in our robot factory, generated a 5.79% gain for NKE in last month.
One such AI-based trading robot, Tickeron's A.I.dvisor, has generated significant buzz in the trading community for its promising results. The trading robot's impressive performance was showcased last month when it generated a 5.79% gain for Nike Inc. (NKE) based on its Momentum Indicator analysis.
Nike Inc. (NKE), a multinational corporation that designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories, experienced a shift in momentum on April 28, 2023. The Momentum Indicator, which measures the rate of change in a stock's price, moved above the 0 level, signaling a potential upward move. This occurrence prompted traders to consider buying NKE stock or call options to capitalize on the anticipated price increase.
AI Trading Robot's Analysis: Tickeron's A.I.dvisor analyzed 77 similar instances in which the Momentum Indicator turned positive for NKE. The trading robot found that in 55 of these cases, the stock moved higher in the following days. Based on this historical analysis, the AI calculated that there is a 71% chance that NKE's stock price will continue to increase.
Earnings Results: Nike's positive Momentum Indicator coincides with its recent earnings results. The company reported better-than-expected figures, showcasing robust growth in revenue and earnings per share. This impressive performance can be attributed to the successful execution of Nike's strategic initiatives, such as digital transformation, supply chain optimization, and product innovation. As a result, investors' confidence in the stock has been bolstered, further supporting the positive momentum.
The recent 5.79% gain for NKE, as generated by Tickeron's A.I.dvisor, demonstrates the potential of AI-based trading robots to optimize investment strategies. By identifying favorable trading opportunities based on historical analysis and market trends, these AI-driven tools can help investors capitalize on lucrative prospects.
NKE's RSI Indicator climbs out of oversold territory
The RSI Oscillator for NKE moved out of oversold territory on November 21, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 35 similar instances when the indicator left oversold territory. In of the 35 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for NKE just turned positive on November 22, 2024. Looking at past instances where NKE's MACD turned positive, the stock continued to rise in of 46 cases 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 NKE advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NKE as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NKE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NKE broke above its upper Bollinger Band on November 25, 2024. 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 Aroon Indicator for NKE entered a downward trend on November 29, 2024. 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 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 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: NKE's P/B Ratio (9.862) is very high in comparison to the industry average of (3.051). P/E Ratio (27.224) is within average values for comparable stocks, (28.555). Projected Growth (PEG Ratio) (2.032) is also within normal values, averaging (1.991). Dividend Yield (0.015) settles around the average of (0.036) among similar stocks. P/S Ratio (2.762) is also within normal values, averaging (1.481).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NKE’s price grows at a lower 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 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.
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. NKE’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 81, placing this stock worse than average.
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General Information
a maker of athletic footwear and apparel
Industry ApparelFootwear