The Swing trader: Top High-Volatility Stocks v.2 (TA), has proven to be highly effective, delivering outstanding results. In this article, we will analyze the recent earning results of this AI trading robot and its impact on the stock market, with a focus on ON.
Impressive Gains by the Swing Trader AI Robot: The Swing trader: Top High-Volatility Stocks v.2 (TA) has demonstrated its prowess by generating a remarkable 4.47% gain over the course of the previous week. This achievement highlights the potential of utilizing AI algorithms to identify profitable trading opportunities.
Technical Analysis: Bullish Signal and Positive Historical Trends: Technical analysis plays a crucial role in understanding market trends and identifying potential buying opportunities. The 10-day moving average for ON exhibited a bullish crossover above the 50-day moving average on May 11, 2023. This crossover signals a shift in the trend to the upside, suggesting a buy signal for investors.
To further support this indication, historical data reveals that in 12 out of 16 past instances when the 10-day moving average crossed above the 50-day moving average, the stock continued its upward trajectory over the following month. These statistics provide a 75% probability of a sustained upward trend in the future.
Earnings Report Analysis: The most recent earnings report for ON, released on May 01, showed earnings per share (EPS) of $1.19, surpassing the estimated value of $1.08. This positive earnings surprise indicates that the company has performed better than analysts' expectations.
Market Capitalization: Considering the company's outstanding shares of 1.71 million, the current market capitalization of ON stands at an impressive $38.86 billion. The market capitalization represents the total market value of a company's outstanding shares and is a key metric in evaluating its overall worth.
The Swing trader: Top High-Volatility Stocks v.2 (TA) AI trading robot has exhibited its effectiveness by delivering exceptional gains while trading ON. The bullish crossover of the moving averages, combined with positive historical trends, further strengthen the buy signal for investors. Moreover, the recent earnings report, with an EPS beat, highlights the company's strong performance. With a substantial market capitalization, ON appears to be an attractive investment option in the current market landscape.
On October 25, 2024, the Stochastic Oscillator for ON moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 58 instances where the indicator left the oversold zone. In of the 58 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
The Moving Average Convergence Divergence (MACD) for ON just turned positive on October 25, 2024. Looking at past instances where ON's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
ON moved above its 50-day moving average on October 28, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ON advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .
ON may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on ON as a result. In of 98 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ON 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 ON entered a downward trend on October 28, 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 67, placing this stock better than average.
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ON’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 fair valued 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 (3.730) is normal, around the industry mean (7.487). P/E Ratio (16.540) is within average values for comparable stocks, (58.779). Projected Growth (PEG Ratio) (1.724) is also within normal values, averaging (2.825). ON has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.020). P/S Ratio (4.097) is also within normal values, averaging (43.322).
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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of semiconductors
Industry Semiconductors