Last week, despite the uncertainty in Washington, stocks were rising. The Nasdaq Composite index gained 3.04%, the S&P 500 increased by 1.65%, and the Dow Jones index grew by 0.38%. At the same time, our robots showed mixed results for the past week. Stocks and ETFs in the technology sector contributed to the growth, but the overall market remained stagnant or even declined. It is worth noting the ADR XPENG Inc. (XPEV), which rose by 5% last week, as indicated by the robot that earned it, available at Swing-trader-Deep-Trend-Analysis-TA.
This robot utilizes advanced trend analysis algorithms that combine various types of moving averages, enabling traders to more accurately determine the current trend direction for each stock and select the most effective algorithm for generating trade signals.
To optimize performance, the robot implements a wide diversification strategy, allowing it to choose the most suitable system for each stock. Additionally, the AI Robot employs counter-trend trading during trending periods and vice versa.
On average, the robot holds trades for one day. Upon entering a trade, the AI Robot sets a "Take profit" order, with the distance determined by the prevailing market volatility. For exiting a position, the robot utilizes two options: a stop loss set at 3% of the position's opening price and a flexible trailing stop, which helps preserve most of the profits if the market reverses.
The trading results presented by the robot do not consider the use of margin. For a comprehensive trading statistics and equity chart, users can click the "show more" button on the robot's page. In the "Open Trades" tab, traders can observe real-time equity selection, entry, and exit in simulated trades. The "Closed trades" tab provides a review of all previous trades executed by the AI Robot.
On Monday, President Joe Biden and Speaker of the House Kevin McCarthy are set to meet to continue negotiations. One of the main issues they are facing is the potential default on U.S. debt, which, according to Treasury Secretary Janet Yellen, could occur as early as June 1st.
The upcoming week is expected to have a light amount of economic data. On Thursday, the second estimate of GDP for the first quarter will be released, and on Friday, the Personal Consumption Expenditures (PCE) inflation index will be published. Additionally, on Wednesday, the minutes of the Federal Reserve meeting are expected to be released, which may provide insights into the central banks' future plans regarding interest rate hikes.
The Stochastic Oscillator for XPEV moved into oversold territory on July 25, 2024. Be on the watch for the price uptrend or consolidation in the future. At that time, consider buying the stock or exploring call options.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a designer, developer, and manufacturer smart electric vehicles
Industry MotorVehicles