The best AI trading robot in our robot factory, Swing Trader: BABA, F, META, NVDA, WMT (TA), generated a return of 6.01% for NVDA during the past week.
Last week, an AI trading robot produced a 6.01% increase in NVDA's earnings, but what can we learn from the stock's recent price movements?
It's worth noting that NVDA had been moving lower for three straight days prior to the robot's successful trade. According to technical analysis, this is generally viewed as a bearish sign. As such, it's important to keep an eye on this stock for any future declines.
To gain a better understanding of how NVDA may perform in the coming weeks, it's useful to look at historical data from similar situations where the stock has declined for three consecutive days. In fact, there have been 256 instances in which NVDA has declined for three days, and in 180 of those cases, the price continued to decline within the following month. This suggests that the odds of a continued downward trend are approximately 70%.
While past performance is no guarantee of future results, this data can provide valuable insights for traders and investors looking to make informed decisions. It's important to consider not only the recent performance of a stock, but also its historical trends and patterns.
Ultimately, the success of an AI trading robot or any other trading strategy will depend on a variety of factors, including market conditions, company performance, and the efficacy of the strategy itself. However, by staying informed and keeping a close eye on market trends, traders and investors can better position themselves for success.
NVDA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 32 cases where NVDA's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The RSI Indicator entered the oversold zone -- be on the watch for NVDA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 364 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on April 12, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 75 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 NVDA turned negative on March 15, 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on April 19, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NVDA 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 NVDA entered a downward trend on April 15, 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NVDA’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 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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: NVDA's P/B Ratio (46.296) is very high in comparison to the industry average of (6.277). P/E Ratio (66.654) is within average values for comparable stocks, (107.866). Projected Growth (PEG Ratio) (1.071) is also within normal values, averaging (2.475). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (32.573) is also within normal values, averaging (32.694).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors