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Nov 16, 2023

Smart Profits: Trader Algorithm Nets +5.60% for $ASTR in Last Week!

Recently, the Swing Trader's Popular Stocks AI trading strategy demonstrated impressive results, with its bot factories generating a notable +5.60% gain while trading ASTR over the past week. In this article, we delve into the technical analysis of ASTR's recent performance and explore key indicators that may have influenced the trading bots' decisions.

RSI Oscillator Signals a Potential Upward Trend:

One significant development is the Relative Strength Index (RSI) Oscillator for ASTR, which moved out of oversold territory on October 31, 2023. This shift suggests a possible reversal from a downward trend to an upward trend. Traders interpreting this signal may consider buying the stock or call options. According to the A.I.dvisor's analysis of 22 similar instances, when the RSI left oversold territory, the stock moved higher in 21 of the cases, indicating a substantial 90% probability of an upward movement.

Market Cap Insights:

Understanding the market capitalization of a stock is crucial for investors assessing its overall value and position within an industry. In the Aerospace & Defense Industry, where ASTR operates, the average market capitalization is 10.95B. ASTR's market cap in comparison to its industry peers positions it as a mid-range player, emphasizing its potential for growth within the sector.

High and Low Price Movements:

Examining the price movements across the Aerospace & Defense Industry provides valuable insights. ASTR stands out with a remarkable 76% weekly price growth, showcasing its potential as a lucrative investment. In contrast, MIESF experienced the largest fall at -21%. These fluctuations underscore the volatility within the industry and highlight ASTR's ability to capitalize on market movements.

Volume Dynamics:

Volume analysis is crucial for understanding the strength of a stock's price movements. ASTR's weekly volume growth of 33% outpaces the industry average, indicating heightened investor interest. Moreover, the quarterly volume growth of 97% signals a significant uptick in trading activity. These trends suggest that ASTR is attracting attention and may be on the radar of both short-term and long-term investors.

Summary:

The AI trading bots employed by the Swing Trader's Popular Stocks strategy showcased impressive gains while trading ASTR, aligning with positive technical indicators. The RSI Oscillator's exit from oversold territory, coupled with ASTR's strong price and volume dynamics, paints a bullish picture for the stock. However, investors should exercise caution and conduct thorough research before making any investment decisions. The intersection of AI and finance continues to redefine trading strategies, and ASTR's recent performance is a testament to the potential benefits of integrating advanced technologies into the stock market.

Related Ticker: ASTR

ASTR in -1.64% downward trend, sliding for three consecutive days on July 09, 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 ASTR declined for three days, in of 249 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

ASTR broke above its upper Bollinger Band on July 12, 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.

The Aroon Indicator for ASTR entered a downward trend on July 05, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where ASTR's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 49 cases where ASTR's Stochastic Oscillator exited the oversold zone 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 July 10, 2024. You may want to consider a long position or call options on ASTR as a result. In of 64 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 ASTR just turned positive on July 02, 2024. Looking at past instances where ASTR's MACD turned positive, the stock continued to rise in of 30 cases 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 ASTR advanced for three days, in of 186 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 46%.

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 (1.774) is normal, around the industry mean (7.879). P/E Ratio (0.000) is within average values for comparable stocks, (44.166). ASTR's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.943). ASTR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.015). P/S Ratio (3.509) is also within normal values, averaging (4.140).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ASTR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ASTR’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 71, placing this stock worse than average.

Notable companies

The most notable companies in this group are GE Aerospace (NYSE:GE), Lockheed Martin Corp (NYSE:LMT), Boeing Company (NYSE:BA), Northrop Grumman Corp (NYSE:NOC), Spirit Aerosystems Holdings (NYSE:SPR), Virgin Galactic Holdings (NYSE:SPCE).

Industry description

Aerospace & Defense is one of largest industries in the U.S., mainly comprising the following areas: commercial airliners, military aircraft, missiles, space, and general aviation. Focused heavily on research & development, it is also one of the fastest growing industries. Military aircraft has the largest market share in the industry’s sales, followed by space systems, civil aircraft, and missiles. Aerospace exports, directly and indirectly, support more jobs than the export of any other commodity, according to a study by the U.S. Department of Commerce. Boeing Company, Lockheed Martin Corporation and General Electric Company are some of the most prominent players in this space.

Market Cap

The average market capitalization across the Aerospace & Defense Industry is 13.02B. The market cap for tickers in the group ranges from 1.66K to 174.18B. GE holds the highest valuation in this group at 174.18B. The lowest valued company is ASDN at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Aerospace & Defense Industry was 2%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 25%. OBTEF experienced the highest price growth at 359%, while USDR experienced the biggest fall at -46%.

Volume

The average weekly volume growth across all stocks in the Aerospace & Defense Industry was 3%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was 28%

Fundamental Analysis Ratings

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

Valuation Rating: 48
P/E Growth Rating: 55
Price Growth Rating: 52
SMR Rating: 79
Profit Risk Rating: 70
Seasonality Score: -2 (-100 ... +100)
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