Last week, COIN earned a profit of 3.62% thanks to an automated trading robot powered by AI.
This AI trading robot, accessible at Swing trader: Downtrend Protection (TA), was one of the best in our robot factory, generating a 3.62% gain in just 2 trades while trading COIN over the course of the previous week.
AI trading robots have been gaining popularity among investors as they offer the potential for improved trading performance. One such robot that has been making waves in the market is the Downtrend Protection (TA), which is accessible at Swing trader. This robot has been generating impressive returns for investors, and in the previous week, it generated a 3.62% gain while trading COIN.
However, it is important to note that the technical indicators for COIN are indicating a potential shift in the market trend. The 10-day RSI Oscillator for COIN moved out of overbought territory on March 22, 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 to capitalize on the potential downward trend.
To further analyze the earnings results and market trends, we can look at historical data and technical indicators to determine potential trading opportunities. For instance, Tickeron's A.I.dvisor looked at 11 instances where the RSI Oscillator moved out of the overbought zone. In 11 of the 11 cases, the stock moved lower in the days that followed. This puts the odds of a move down at 90%.
Therefore, while the Swing trader: Downtrend Protection (TA) has been performing well in the market and generating impressive returns, it is important to exercise caution and implement proper risk management practices when using AI trading robots or any other investment strategy. The potential for a downward trend in COIN indicates the importance of monitoring technical indicators and market trends to identify potential trading opportunities and make informed decisions based on historical data and market conditions.
Swing trader: Downtrend Protection (TA) is one of the best-performing robots in our factory, and it has the potential to deliver impressive returns for investors. However, traders should pay close attention to technical indicators and market trends, such as the RSI Oscillator, to identify potential shifts in the market and adjust their trading strategies accordingly. By implementing proper risk management practices and using AI trading robots in conjunction with market analysis, investors can potentially improve their trading performance and achieve better returns.
COIN's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for COIN turned positive on May 09, 2023. Looking at past instances where COIN's MACD turned positive, the stock continued to rise in of 15 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where COIN's RSI Indicator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 30, 2023. You may want to consider a long position or call options on COIN as a result. In of 36 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 COIN advanced for three days, in of 107 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 38 cases where COIN 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 21 cases where COIN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
COIN moved below its 50-day moving average on June 05, 2023 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 COIN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. COIN’s price grows at a higher 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 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: P/B Ratio (2.427) is normal, around the industry mean (4.018). P/E Ratio (7.981) is within average values for comparable stocks, (36.497). Projected Growth (PEG Ratio) (1.531) is also within normal values, averaging (2.374). COIN has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.038). P/S Ratio (4.735) is also within normal values, averaging (105.420).
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.
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. COIN’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 79, placing this stock worse than average.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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COIN and
Correlation & Price change
A.I.dvisor indicates that over the last year, COIN has been closely correlated with AFRM. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if COIN jumps, then AFRM could also see price increases.
| Ticker / NAME | Correlation To COIN | 1D Price Change % | ||
|---|---|---|---|---|
| COIN | 100% | -12.09% | ||
| AFRM - COIN | 81% Closely correlated | +1.74% | ||
| MSTR - COIN | 81% Closely correlated | +8.13% | ||
| U - COIN | 74% Closely correlated | -1.34% | ||
| RIOT - COIN | 73% Closely correlated | +2.06% | ||
| SQ - COIN | 72% Closely correlated | +3.84% | ||
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