META Gains 51% during the past 6 months, Based on AI Trading Performance and Technical Analysis
This AI trading robot from Swing Trader: BABA, F, META, NVDA, WMT (TA), was a top performer in our robot factory over the 6 months, generating 51% for META.
Artificial intelligence (AI) is transforming the investment landscape, enabling traders to analyze data and make informed decisions faster than ever before. One of the top performers in our robot factory over the past six months has been the AI trading robot from Swing Trader, which has generated an impressive 51% return for META.
However, recent developments in META's technical indicators suggest that the stock may be in for a bearish run. The Moving Average Convergence Divergence Histogram (MACD), a widely used technical indicator, turned negative on April 11, 2023. This indicates that the short-term momentum of the stock has turned bearish, and it may decline in the near future.
To further support this claim, Tickeron's A.I.dvisor analyzed 46 instances where the MACD indicator turned negative, and found that in 29 of these cases, the stock moved lower in the days that followed. This gives us a 63% chance of a downward move for META.
Looking at META's recent earnings report, we can see that the company missed the earnings per share (EPS) estimate of $2.26, reporting $1.76 EPS for the quarter ending February 01. META has a market capitalization of $532.44 billion, with 2.66 million shares outstanding.
It is important to note that earnings reports can often have a significant impact on a stock's price, and investors should pay close attention to them. In this case, the earnings miss may have contributed to the recent bearish trend in META's technical indicators.
In conclusion, while the Swing Trader AI trading robot has been a top performer for META over the past six months, recent technical indicators and the missed earnings estimate suggest that investors should proceed with caution. It is always wise to conduct thorough research and analysis before making any investment decisions.
Aroon Indicator for META shows an upward move is likely
META's Aroon Indicator triggered a bullish signal on June 02, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 279 similar instances where the Aroon Indicator showed a similar pattern. In of the 279 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on META as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for META just turned positive on May 18, 2023. Looking at past instances where META's MACD turned positive, the stock continued to rise in of 46 cases 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 META advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where META declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
META broke above its upper Bollinger Band on June 01, 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. META’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 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 SMR rating for this company is (best 1 - 100 worst), indicating 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 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 93, 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 (5.599) is normal, around the industry mean (21.666). P/E Ratio (33.784) is within average values for comparable stocks, (41.149). Projected Growth (PEG Ratio) (0.945) is also within normal values, averaging (3.365). Dividend Yield (0.000) settles around the average of (0.023) among similar stocks. P/S Ratio (6.192) is also within normal values, averaging (10.102).
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a social networking service and website
Industry InternetSoftwareServices
META and
Correlation & Price change
A.I.dvisor indicates that over the last year, META has been loosely correlated with GOOGL. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if META jumps, then GOOGL could also see price increases.
| Ticker / NAME | Correlation To META | 1D Price Change % | ||
|---|---|---|---|---|
| META | 100% | -0.10% | ||
| GOOGL - META | 65% Loosely correlated | +1.03% | ||
| GOOG - META | 65% Loosely correlated | +1.01% | ||
| SPOT - META | 59% Loosely correlated | -2.12% | ||
| FVRR - META | 54% Loosely correlated | +5.25% | ||
| ZG - META | 52% Loosely correlated | +3.99% | ||
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