Last week, an AI trading robot produced a 17.56% increase in NET's earnings.
This AI trading robot, available at Swing trader: Downtrend Protection v.2 (TA), was a top performer in our robot factory, generating a 17.56% gain in just 3 trades while trading NET over the past week.
Last week, an AI trading robot produced a 17.56% increase in NET's earnings. This is a significant gain that is worth analyzing to understand the factors that contributed to the robot's success. The AI trading robot in question is the Swing trader: Downtrend Protection v.2 (TA), which is available to traders looking to leverage the power of AI in their trading strategies.
The Swing trader: Downtrend Protection v.2 (TA) is a top performer in the robot factory, and it generated a 17.56% gain in just three trades while trading NET over the past week. This indicates that the robot's algorithmic trading strategies were well-suited to the market conditions and trading signals in NET.
However, it is important to note that NET saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 38 instances where the indicator turned negative, and in 33 of the 38 cases, the stock moved lower in the days that followed. This puts the odds of a downward move at 87%.
Despite the bearish signal indicated by the MACD, the AI trading robot was still able to produce a significant gain in NET's earnings. This suggests that the robot's algorithmic trading strategies were able to take advantage of other trading signals or market conditions that were not captured by the MACD indicator.
It is worth noting that algorithmic trading strategies, including those used by AI trading robots, are not infallible. While they can leverage large amounts of data and identify patterns that humans may miss, they can also be subject to unforeseen events or market conditions that can negatively impact their performance. Therefore, it is important for traders to conduct their own analysis and due diligence before implementing an AI trading robot in their trading strategy.
The 17.56% gain in NET's earnings produced by the Swing trader: Downtrend Protection v.2 (TA) AI trading robot is a significant achievement that highlights the potential benefits of algorithmic trading strategies. However, traders should also be aware of the limitations and risks associated with using AI trading robots and conduct their own analysis and due diligence before incorporating them into their trading strategy.
NET's Stochastic Oscillator is staying in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
NET moved above its 50-day moving average on October 04, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NET crossed bullishly above the 50-day moving average on September 23, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 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 NET advanced for three days, in of 328 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 269 cases where NET Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for NET moved out of overbought territory on October 16, 2024. 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 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 24, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NET 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 NET turned negative on October 23, 2024. 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 52 similar instances when the indicator turned negative. In of the 52 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 NET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NET broke above its upper Bollinger Band on October 10, 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 Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NET’s price grows at a higher 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 88, 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 (42.373) is normal, around the industry mean (30.698). P/E Ratio (0.000) is within average values for comparable stocks, (161.895). Projected Growth (PEG Ratio) (2.377) is also within normal values, averaging (2.738). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (24.631) is also within normal values, averaging (55.771).
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 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.
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a company, which engages in the provision of cloud-based services to secure websites
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