AI trading robot that has gained attention is the Swing trader: Top High-Volatility Stocks v.2 (TA) developed by Tickeron's robot factory. Over the course of a week, this AI trading robot showcased impressive performance, generating a substantial 4.56% return on investment (ROI) for the stock ON. In this article, we will delve into the technical analysis of ON, examining its recent trends and earnings results, to provide insights into the stock's potential for continued upward momentum.
Technical Analysis: One important factor indicating ON's potential for upward movement is its recent shift above the 50-day moving average on May 1, 2023. This breakout suggests a change from a downward trend to an upward trend. By analyzing similar instances in the past, it is revealed that in 44 out of 49 cases, the stock price experienced further increases within the following month. This statistical analysis demonstrates that the odds of a continued upward trend for ON are estimated at an impressive 90%. This information adds weight to the AI trading robot's decision to invest in ON, as it aligns with historical patterns of upward movement following a break above the 50-day moving average.
Earnings Analysis: Examining the most recent earnings report of ON, released on May 1, we find that the company exceeded market expectations. The reported earnings per share (EPS) amounted to $1.19, surpassing the estimated figure of $1.08. This positive earnings surprise indicates that the company's financial performance outperformed analyst forecasts, which can often have a significant impact on the stock's price and investor sentiment.
Considering the company's outstanding shares of 1.29 million, the current market capitalization of ON stands at an impressive $36.81 billion. This metric provides investors with a snapshot of the company's overall value in the market. With a strong earnings report and a substantial market capitalization, ON presents itself as a formidable player in its sector.
The AI trading robot from Swing trader: Top High-Volatility Stocks v.2 (TA) has demonstrated impressive performance in the stock market, generating a notable 4.56% ROI for ON in just one week. The technical analysis suggests that ON's recent breakout above the 50-day moving average indicates a shift from a downward trend to an upward trend, with historical data supporting the probability of further price increases. Additionally, the company's latest earnings report, which exceeded expectations, further strengthens the case for continued positive momentum.
ON broke above its upper Bollinger Band on May 18, 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. The A.I.dvisor looked at 42 similar instances where the stock broke above the upper band. In of the 42 cases the stock fell afterwards. This puts the odds of success at .
The 10-day RSI Indicator for ON moved out of overbought territory on May 19, 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 35 similar instances where the indicator moved out of overbought territory. In of the 35 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 68 cases where ON's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 Momentum Indicator moved above the 0 level on May 25, 2023. You may want to consider a long position or call options on ON as a result. In of 97 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 ON just turned positive on May 26, 2023. Looking at past instances where ON'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 .
ON moved above its 50-day moving average on May 01, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for ON crossed bullishly above the 50-day moving average on May 11, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 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 ON advanced for three days, in of 327 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 273 cases where ON Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 63, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding 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 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 consistent 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 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 (5.624) is normal, around the industry mean (7.030). P/E Ratio (20.492) is within average values for comparable stocks, (54.473). Projected Growth (PEG Ratio) (1.616) is also within normal values, averaging (2.572). Dividend Yield (0.000) settles around the average of (0.024) among similar stocks. P/S Ratio (4.511) is also within normal values, averaging (11.588).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of semiconductors
A.I.dvisor indicates that over the last year, ON has been closely correlated with MCHP. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if ON jumps, then MCHP could also see price increases.