Positive Outcome: Trader Robots Deliver +3.51% Growth for IBM Last Week
These sophisticated algorithms analyze market data and execute trades with speed and precision. Two prominent AI trading bots, Swing Trader, Popular Stocks: Long Bias Strategy (TA&FA) and Day Trader, Popular Stocks: Short Bias Strategy (TA&FA), have shown impressive performance, generating a gain of +3.51% while trading IBM over the previous week. In this article, we will delve into the earning results and technical indicators that influenced these trading bots' strategies.
Technical Analysis:
The 10-day moving average for IBM recently exhibited a bullish crossover, crossing above the 50-day moving average on May 25, 2023. This development is generally regarded as a positive signal, suggesting a shift in the stock's trend towards higher prices. Historical analysis reveals that in 12 out of 17 previous instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. Based on this data, there is a 71% probability of a continued upward trend in IBM.
Earnings Results:
IBM's most recent earnings report, released on April 19, showed earnings per share (EPS) of $1.36. This figure exceeded market expectations, which had estimated EPS at $1.27. The positive earnings surprise indicates that IBM's financial performance was stronger than anticipated, potentially boosting investor confidence in the company.
Market Capitalization:
With 680.09K shares outstanding, IBM's current market capitalization stands at 119.26B. Market capitalization is a measure of a company's total market value and is calculated by multiplying the number of outstanding shares by the stock's current price per share. It provides investors with a snapshot of the company's overall worth in the eyes of the market.
AI trading bots have demonstrated their ability to leverage technical analysis and market data to make informed trading decisions. In the case of IBM, these bots generated a +3.51% gain over the previous week.The bullish crossover of the 10-day moving average above the 50-day moving average and the positive earnings report indicate a potentially favorable outlook for the stock.
IBM's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for IBM moved out of overbought territory on September 12, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 34 instances where the indicator moved out of the overbought zone. In of the 34 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IBM as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for IBM turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
IBM moved below its 50-day moving average on September 26, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IBM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IBM advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
IBM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 260 cases where IBM 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 Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously 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: P/B Ratio (5.811) is normal, around the industry mean (3.939). P/E Ratio (60.241) is within average values for comparable stocks, (45.814). Projected Growth (PEG Ratio) (2.159) is also within normal values, averaging (1.380). Dividend Yield (0.047) settles around the average of (0.030) among similar stocks. P/S Ratio (2.144) is also within normal values, averaging (6.939).
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 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 83, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. IBM’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 slightly better than average sales and a considerably 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.
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Fundamental Analysis Ratings
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General Information
a manufacturer of various computer products through the use of advanced information technology
Industry InformationTechnologyServices
IBM and
Correlation & Price change
A.I.dvisor indicates that over the last year, IBM has been loosely correlated with ACN. These tickers have moved in lockstep 57% of the time. This A.I.-generated data suggests there is some statistical probability that if IBM jumps, then ACN could also see price increases.