NVDA Sees 4.23% Upswing Thanks to Tickeron's AI Trading Robot
The AI trading robot from Day Trader: High Volatility Stocks for Active Trading (TA&FA) has exhibited exceptional performance in Tickeron's robot factory over a week, delivering a notable 4.23% return for NVDA. Such impressive results highlight the potential effectiveness of AI-driven trading strategies in identifying profitable opportunities.
Bearish Indicators: It is important to consider various factors when evaluating a stock's future trajectory. One such aspect is the stock's recent performance. In the case of NVDA, the stock has been moving lower for three consecutive days, which is typically interpreted as a bearish sign. Investors are advised to closely monitor NVDA for potential further declines.
Historical Analysis: Drawing insights from historical data, we observe that in situations where NVDA experienced a decline over three days, the price tended to decline further within the following month in approximately 69% of cases (176 out of 255 cases). This statistic suggests a relatively high likelihood of a continued downward trend for NVDA.
Earnings Results: Examining NVDA's last earnings report, which was released on February 22, we find that the company reported earnings per share (EPS) of 87 cents, surpassing the estimated value of 81 cents. This positive surprise indicates that NVDA's financial performance exceeded market expectations.
Market Capitalization: With 24.78 million shares outstanding, NVDA's current market capitalization stands at an impressive 758.95 billion dollars. The market capitalization reflects the overall value of a company and is an important metric for investors to assess the company's size and market standing.
From a technical analysis perspective, NVDA has shown strong performance in Tickeron's robot factory and has outperformed market expectations in its latest earnings report. However, the recent downward movement and historical analysis suggest the possibility of further declines. Investors should exercise caution and keep a close eye on NVDA's performance in the coming weeks. The stock's market capitalization demonstrates its significant presence in the market.
Aroon Indicator for NVDA shows an upward move is likely
NVDA's Aroon Indicator triggered a bullish signal on October 28, 2024. 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 371 similar instances where the Aroon Indicator showed a similar pattern. In of the 371 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
NVDA moved above its 50-day moving average on September 23, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for NVDA crossed bullishly above the 50-day moving average on September 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 NVDA advanced for three days, in of 369 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for NVDA moved out of overbought territory on October 23, 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 46 similar instances where the indicator moved out of overbought territory. In of the 46 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 15 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 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 .
NVDA broke above its upper Bollinger Band on October 08, 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 outstanding 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 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 67, 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 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 (51.282) is very high in comparison to the industry average of (7.487). P/E Ratio (56.934) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.306) is also within normal values, averaging (2.825). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (31.447) is also within normal values, averaging (43.322).
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a manufacturer of computer graphics processors, chipsets, and related multimedia software
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