Robot Factory's SNAP Trades Hit Jackpot, Delivering 4.50% Profit
Swing Trader's Volatility Balanced Strategy (TA) AI trading robot has emerged as a top performer in Tickeron's robot factory, delivering a notable 4.50% return for SNAP over the course of a week. Combined with the recent Stochastic Oscillator movement and historical data analysis by Tickeron's A.I.dvisor, traders may find bullish signals that could potentially favor buying the stock or call options. Additionally, examining the latest earnings report reveals some positive surprises. This article analyzes the performance of the AI trading robot and discusses the earnings results for SNAP.
AI Trading Robot Performance: The Swing Trader's AI trading robot has demonstrated its proficiency in generating substantial returns for SNAP, outperforming other robots in Tickeron's factory. With a commendable 4.50% gain over a week, it has captured the attention of traders seeking profitable opportunities. By employing the Volatility Balanced Strategy (TA), this robot effectively navigates market volatility to achieve favorable trading outcomes. Its performance provides traders with a strong indication of the AI robot's potential as a reliable investment tool.
Bullish Signal: Stochastic Oscillator Movement On May 11, 2023, the Stochastic Oscillator for SNAP moved out of oversold territory, signaling a potential bullish trend for the stock. This technical indicator is often used by traders to assess the momentum and strength of a stock's price movement. The shift out of oversold territory suggests that SNAP may experience a rebound in its stock price in the near future.
Historical Analysis: Odds of a Move Higher To further support the bullish sentiment, Tickeron's A.I.dvisor examined 59 instances where the Stochastic Oscillator exited the oversold zone. Remarkably, in 49 out of the 59 cases, the stock price moved higher in the following days. This historical analysis reveals that in similar situations, there was an approximately 83% chance of a positive price movement. These odds provide traders with a statistically significant indication that SNAP could experience a notable upward trajectory.
Earnings Results: SNAP's last earnings report, released on April 27, showcased an earnings per share (EPS) of 0 cents, surpassing the estimated EPS of -23 cents. This positive surprise indicates that the company performed better than expected during the reported period. With 5.63 million shares outstanding, the current market capitalization of SNAP stands at 13.94 billion dollars. The earnings report suggests that the company's financial health may be stronger than previously anticipated.
Conclusion: Swing Trader's Volatility Balanced Strategy (TA) AI trading robot has proven its worth by delivering impressive returns for SNAP within a week. The Stochastic Oscillator's movement out of oversold territory adds to the bullish sentiment surrounding the stock, indicating the possibility of a significant price increase. Additionally, the recent earnings report revealed better-than-expected results, further supporting the positive outlook for SNAP.
Aroon Indicator for SNAP shows an upward move is likely
SNAP's Aroon Indicator triggered a bullish signal on June 09, 2023. 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 258 similar instances where the Aroon Indicator showed a similar pattern. In of the 258 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
The Momentum Indicator moved above the 0 level on May 16, 2023. You may want to consider a long position or call options on SNAP as a result. In of 83 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 SNAP just turned positive on May 15, 2023. Looking at past instances where SNAP'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 .
SNAP moved above its 50-day moving average on May 26, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for SNAP crossed bullishly above the 50-day moving average on June 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 SNAP advanced for three days, in of 298 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 SNAP moved out of overbought territory on June 07, 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 38 similar instances where the indicator moved out of overbought territory. In of the 38 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 55 cases where SNAP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The 50-day moving average for SNAP moved below the 200-day moving average on May 11, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNAP broke above its upper Bollinger Band on May 17, 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.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SNAP’s price grows at a lower rate over the last 12 months as compared to 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 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: P/B Ratio (6.238) is normal, around the industry mean (21.632). P/E Ratio (0.000) is within average values for comparable stocks, (41.549). Projected Growth (PEG Ratio) (5.636) is also within normal values, averaging (3.373). Dividend Yield (0.000) settles around the average of (0.023) among similar stocks. P/S Ratio (3.545) is also within normal values, averaging (9.559).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
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Fundamental Analysis Ratings
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General Information
a developer of a text and photo based messaging application for mobile phones
Industry InternetSoftwareServices
SNAP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SNAP has been loosely correlated with PINS. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if SNAP jumps, then PINS could also see price increases.
| Ticker / NAME | Correlation To SNAP | 1D Price Change % | ||
|---|---|---|---|---|
| SNAP | 100% | +0.50% | ||
| PINS - SNAP | 65% Loosely correlated | -0.33% | ||
| SSTK - SNAP | 52% Loosely correlated | -1.17% | ||
| GOOGL - SNAP | 49% Loosely correlated | +0.07% | ||
| GOOG - SNAP | 49% Loosely correlated | +0.16% | ||
| TWLO - SNAP | 47% Loosely correlated | +1.38% | ||
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