This AI trading robot, accessible at Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA), was one of the best in our robot factory, generating 6.02% for BB over the course of the previous week.
Last week, an AI trading robot generated a 7.03% growth for BB, a remarkable feat that deserves attention. As a technical analyst, I believe it's important to understand the strategies and indicators that the robot used to achieve such impressive results.
One of the key indicators that the robot utilized was the Aroon Indicator, which entered a downward trend on March 17, 2023. The Aroon Indicator is a technical analysis tool used to determine whether a stock is trending and how strong the trend is. It consists of two lines: the AroonUp (green line) and the AroonDown (red line).
Tickeron's A.I.dvisor identified a pattern where the AroonDown line was above 70 while the AroonUp line was below 30 for three consecutive days. This is a strong signal that a downward move is likely for the stock. Traders who spotted this signal may have considered selling the stock or buying put options to take advantage of the anticipated drop.
To confirm the validity of this pattern, A.I.dvisor looked at 254 similar instances where the Aroon Indicator formed this exact same pattern. The results were intriguing: in 202 of these 254 cases, the stock did move lower. This puts the odds of a downward move at an impressive 80%.
This demonstrates the power of using technical analysis tools and AI-powered algorithms in making trading decisions. By analyzing large volumes of data and identifying patterns, AI trading robots can potentially achieve better results than human traders who may not have access to the same level of information.
In conclusion, the use of the Aroon Indicator and AI-powered trading algorithms helped the robot generate a 7.03% growth for BB last week. It's clear that technical analysis tools and AI can play a valuable role in helping traders make informed and profitable decisions.
The 10-day RSI Indicator for BB moved out of overbought territory on September 07, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where BB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 14, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BB as a result. In of 89 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 BB turned negative on September 19, 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 41 similar instances when the indicator turned negative. In of the 41 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 BB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BB broke above its upper Bollinger Band on August 25, 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.
BB moved above its 50-day moving average on September 11, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for BB crossed bullishly above the 50-day moving average on August 31, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 BB advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BB’s price grows at a higher 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 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 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 (3.470) is normal, around the industry mean (21.161). P/E Ratio (344.828) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (3.713) is also within normal values, averaging (74.261).
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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BB’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 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of hardware and software solutions for mobile communications
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A.I.dvisor indicates that over the last year, BB has been loosely correlated with COIN. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if BB jumps, then COIN could also see price increases.