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May 21, 2023

Robot's Trade with SWKS Nets 3.98% Profit

Swing Trader's AI trading robot, specifically designed for the hi-tech and consumer sectors, has emerged as a top performer within Tickeron's robot factory. Over the course of a week, this sophisticated trading algorithm generated an impressive return of 3.98% for SWKS (Skyworks Solutions Inc.), catching the attention of market participants. Furthermore, the recent movement of SWKS's RSI (Relative Strength Index) indicator out of oversold territory suggests a potential shift from a downward trend to an upward trend. This article analyzes the performance of Swing Trader's AI robot and delves into SWKS's earnings report to provide insights for traders.

Swing Trader's AI Robot: A Top Performer: Swing Trader's AI trading robot, part of the "Hi-tech and Consumer Sectors (Diversified)" portfolio, has demonstrated its prowess within Tickeron's robot factory. This advanced algorithm showcased its capabilities by generating an impressive return of 3.98% for SWKS in just one week. Such a performance speaks volumes about the AI robot's ability to identify profitable trading opportunities within the hi-tech and consumer sectors.

RSI Indicator Signals Potential Reversal: The RSI indicator is a popular technical analysis tool that provides insights into the strength and momentum of a stock's price movements. On May 15, 2023, SWKS's RSI indicator moved out of oversold territory, indicating a potential shift in the stock's trajectory. This development suggests that the stock may be transitioning from a downward trend to an upward trend. Traders, taking this signal into consideration, may consider buying the stock or call options to capitalize on a potential upward movement.

Analyzing Historical Instances: To validate the significance of the RSI indicator's movement out of oversold territory, the A.I.dvisor examined 31 previous instances where SWKS exhibited a similar pattern. Out of these 31 cases, the stock moved higher in 23 instances, indicating a success rate of approximately 74%. This statistical analysis provides traders with valuable insights, suggesting a favorable probability of a price increase in SWKS.

Earnings Report: Meeting Expectations: Taking a closer look at SWKS's recent earnings report, released on May 08, the company reported earnings per share (EPS) of $2.02, perfectly meeting the estimated value of $2.02. With 1.12 million shares outstanding, the current market capitalization of SWKS stands at an impressive $16.18 billion. This solid financial performance, combined with the positive indicators from Swing Trader's AI robot and the RSI analysis, further enhances the potential appeal of SWKS for traders and investors.

Swing Trader's AI trading robot has demonstrated its prowess as a top performer within Tickeron's robot factory, generating a noteworthy return of 3.98% for SWKS in just one week. The movement of SWKS's RSI indicator out of oversold territory further strengthens the case for a potential upward trend in the stock's price. Based on historical instances, there is a 74% chance of the stock moving higher after similar RSI movements. Additionally, SWKS's recent earnings report, which met expectations, adds to the positive sentiment surrounding the stock. Traders and investors looking to capitalize on potential price gains may find SWKS an attractive opportunity worth considering in the hi-tech and consumer sectors.

Related Ticker: SWKS

SWKS in -1.59% downward trend, sliding for three consecutive days on June 07, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SWKS declined for three days, in of 288 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for SWKS moved below the 200-day moving average on May 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

SWKS broke above its upper Bollinger Band on June 11, 2024. 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 Momentum Indicator moved above the 0 level on June 10, 2024. You may want to consider a long position or call options on SWKS as a result. In of 94 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 SWKS just turned positive on May 15, 2024. Looking at past instances where SWKS'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 .

SWKS moved above its 50-day moving average on June 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for SWKS crossed bullishly above the 50-day moving average on June 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 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 SWKS advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 65%.

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 (2.684) is normal, around the industry mean (6.988). P/E Ratio (20.032) is within average values for comparable stocks, (58.921). Projected Growth (PEG Ratio) (2.098) is also within normal values, averaging (3.218). Dividend Yield (0.026) settles around the average of (0.019) among similar stocks. P/S Ratio (3.772) is also within normal values, averaging (28.962).

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. SWKS’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 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 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 61, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 50.81B. The market cap for tickers in the group ranges from 13.43K to 3.11T. NVDA holds the highest valuation in this group at 3.11T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -1%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 17%. SESMF experienced the highest price growth at 50%, while QNCCF experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 72%. For the same stocks of the Industry, the average monthly volume growth was 69% and the average quarterly volume growth was 338%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 48
Price Growth Rating: 56
SMR Rating: 70
Profit Risk Rating: 61
Seasonality Score: 3 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a manufacturer of proprietary semiconductor products

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
5260 California Avenue
Phone
+1 949 231-3000
Employees
9750
Web
https://www.skyworksinc.com
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