Robotic Trading Yields 6.84% Profit for SOFI
Swing Trader's Long-Short Equity Strategy AI trading robot has proven to be a top performer in Tickeron's robot factory over a week, generating an impressive 6.84% return for SOFI. The robot combines both technical analysis (TA) and fundamental analysis (FA) in its trading strategy, which allows it to analyze both price movements and company financials.
However, the recent price action of SOFI suggests a change in trend from an upward trend to a downward trend. SOFI moved below its 50-day moving average on May 01, 2023 date, which indicates a shift in market sentiment. In fact, in 16 of 17 similar past instances, the stock price decreased further within the following month. This suggests that the odds of a continued downward trend are high at 90%.
Despite the bearish outlook, SOFI's last earnings report on May 01 showed earnings per share (EPS) of -5 cents, beating the estimate of -7 cents. With 14.10M shares outstanding, the current market capitalization sits at 4.85B. This indicates that SOFI is a relatively large company with a significant market presence.
It is important to note that while EPS beat estimates, the company still reported negative earnings. This may have been a factor in the recent decline in SOFI's stock price. It is also worth considering that the market may have already priced in the positive earnings surprise, resulting in limited upside potential.
Swing Trader's Long-Short Equity Strategy AI trading robot has outperformed in Tickeron's robot factory, generating strong returns for SOFI. However, the recent shift in market sentiment suggests a continued downward trend for the stock, despite the positive earnings surprise. Investors should exercise caution and consider the risks associated with investing in a company with negative earnings.
SOFI's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for SOFI turned positive on May 22, 2023. Looking at past instances where SOFI's MACD turned positive, the stock continued to rise in of 26 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SOFI's RSI Indicator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward 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 SOFI as a result. In of 43 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 SOFI advanced for three days, in of 138 cases, the price rose further within the following month. The odds of a continued upward trend are .
SOFI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
SOFI moved below its 50-day moving average on May 01, 2023 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for SOFI moved below the 200-day moving average on May 15, 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 SOFI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Fundamental Analysis (Ratings)
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (0.972) is normal, around the industry mean (3.866). P/E Ratio (9.443) is within average values for comparable stocks, (29.143). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.404). SOFI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.049). P/S Ratio (2.902) is also within normal values, averaging (5.572).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SOFI’s price grows at a higher rate over the last 12 months as compared to 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. SOFI’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 83, placing this stock worse than average.
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