Our Robots Earned Over 4% in 5 Trading Days with $ABBV Stock.
The dynamics in our robots remain impressive, and we comfortably outperform all indices. Today, I would like to highlight one of our robots, Swing-Trader-Popular-Stocks-TA-FA, which specializes in trading stocks with high volatility, particularly like ABBVIE INC. "ABBV."
This robot exhibits significant volatility, which presents excellent opportunities for profitable trading. The average duration of a trade is 19 hours, allowing traders to efficiently utilize their capital and avoid being stuck in trades for extended periods.
The development of this robot involved several steps:
- We created a group of highly volatile stocks, forming the universe for the robot.
- For each stock in the universe, we created algorithms based on a proprietary combination of technical indicators with individually selected parameters.
- Using neural networks, we conducted thousands of backtests to determine the most profitable stocks and best-performing trading systems.
- We created a mechanism that enables the robot to automatically choose the most suitable trading system for each stock.
After entering a trade, our AI Robot places a "Take profit" order, the distance of which depends on the current market volatility. To exit a position, the robot employs two options: a stop loss set at 2-4% of the position's opening price and a flexible trailing stop that allows preserving most of the profit if the market reverses.
The robot's trading results are shown without using margin. For complete trading statistics and equity chart, click on the "show more" button on the robot's page. In the "Open Trades" tab, a trader can observe how the AI Robot selects equities, enters and exits paper trades. In the "Closed Trades" tab, users can review all previous trades made by the AI Robot.
We continue to improve and develop our robots to provide traders with tools for successful trading in financial markets. Our team strives to make trading accessible, convenient, and profitable for all our users. Stay tuned for updates and see for yourself the outstanding performance of our robots!
ABBV sees MACD Histogram just turned negative
ABBV saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 28, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ABBV moved out of overbought territory on September 15, 2023. 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 44 similar instances where the indicator moved out of overbought territory. In of the 44 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where ABBV's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on September 28, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ABBV as a result. In of 81 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 ABBV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ABBV broke above its upper Bollinger Band on September 13, 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.
Bullish Trend Analysis
The 50-day moving average for ABBV moved above the 200-day moving average on September 22, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ABBV advanced for three days, in of 365 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 320 cases where ABBV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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: ABBV's P/B Ratio (20.877) is slightly higher than the industry average of (6.183). P/E Ratio (31.348) is within average values for comparable stocks, (31.826). Projected Growth (PEG Ratio) (6.043) is also within normal values, averaging (3.312). Dividend Yield (0.038) settles around the average of (0.028) among similar stocks. P/S Ratio (4.826) is also within normal values, averaging (3.727).
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 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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ABBV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a research-based pharmaceutical company
Industry PharmaceuticalsMajor
ABBV and
Correlation & Price change
A.I.dvisor indicates that over the last year, ABBV has been loosely correlated with PFE. These tickers have moved in lockstep 54% of the time. This A.I.-generated data suggests there is some statistical probability that if ABBV jumps, then PFE could also see price increases.
| Ticker / NAME | Correlation To ABBV | 1D Price Change % | ||
|---|---|---|---|---|
| ABBV | 100% | -2.10% | ||
| PFE - ABBV | 54% Loosely correlated | +3.37% | ||
| MRK - ABBV | 49% Loosely correlated | -1.29% | ||
| JNJ - ABBV | 43% Loosely correlated | -0.72% | ||
| AMGN - ABBV | 42% Loosely correlated | -0.76% | ||
| AZN - ABBV | 40% Loosely correlated | +0.44% | ||
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