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 moved below its 50-day moving average on May 11, 2023 date and that indicates a change from an upward trend to a downward trend. In of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on May 10, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NKE 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 Moving Average Convergence Divergence Histogram (MACD) for NKE turned negative on May 04, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for NKE crossed bearishly below the 50-day moving average on May 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 .
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 .
The Aroon Indicator for NKE entered a downward trend on June 02, 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NKE's RSI Indicator exited the oversold zone, of 27 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 15 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 NKE advanced for three days, in of 310 cases, the price rose further within the following month. The odds of a continued upward trend are .
NKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 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 (11.403) is very high in comparison to the industry average of (3.001). P/E Ratio (31.056) is within average values for comparable stocks, (25.244). Projected Growth (PEG Ratio) (1.796) is also within normal values, averaging (1.794). Dividend Yield (0.012) settles around the average of (0.042) among similar stocks. P/S Ratio (3.364) is also within normal values, averaging (1.686).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a maker of athletic footwear and apparel
A.I.dvisor indicates that over the last year, NKE has been closely correlated with UA. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if NKE jumps, then UA could also see price increases.