Our robot factory's top-performing AI trading robot, which can be found at Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), produced a 7% return for SHOP during the last month.
Last month, an AI trading robot generated a 7% growth for SHOP. However, the current market analysis suggests that the stock may be headed for a correction. On March 31, 2023, SHOP broke above its upper Bollinger Band, which is a technical indicator used by traders to measure a stock's volatility and potential price movement.
Breaking above the upper Bollinger Band is usually considered a bullish signal, indicating that the stock is overbought and likely to continue its upward momentum. However, the fact that the stock has broken above the upper band means that it may be due for a pullback soon. As the stock moves back towards the middle band, traders may want to consider selling the stock or exploring put options.
The A.I.dvisor, which is the AI trading robot responsible for the 7% growth in SHOP last month, has looked at 51 similar instances where the stock broke above the upper band. Out of these instances, the stock fell afterwards in 40 cases. This puts the odds of success for a bearish trade at 78%.
It is important to note that while technical analysis can provide valuable insights into a stock's potential movement, it is not a foolproof strategy. Traders should always consider other factors, such as market conditions, company news, and economic indicators, before making a trading decision.
While the AI trading robot generated impressive growth for SHOP last month, the current technical analysis suggests that the stock may be headed for a correction. Traders should consider selling the stock or exploring put options as the stock moves back towards the middle Bollinger Band. With a success rate of 78% in similar instances, it may be worth considering a bearish trade. However, traders should always exercise caution and do their own research before making any trading decision.
SHOP saw its Momentum Indicator move above the 0 level on June 06, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where SHOP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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 SHOP advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 320 cases where SHOP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for SHOP moved out of overbought territory on May 16, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 47 similar instances where the indicator moved out of overbought territory. In of the 47 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for SHOP turned negative on May 22, 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 .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SHOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SHOP broke above its upper Bollinger Band on June 06, 2023. 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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SHOP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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 89, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (9.058) is normal, around the industry mean (31.438). P/E Ratio (277.778) is within average values for comparable stocks, (167.584). Projected Growth (PEG Ratio) (1.635) is also within normal values, averaging (4.139). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (12.937) is also within normal values, averaging (75.238).
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of eCommerce website that allows customers to sell online by providing software to create an online store
A.I.dvisor indicates that over the last year, SHOP has been closely correlated with RNG. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHOP jumps, then RNG could also see price increases.
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