Smart Trading: Robot Nets +7.58% for $CROX in the Last Week
One standout performer in recent times is the "Swing trader: Volatility Balanced Strategy v.2 (TA)" bot. Over the previous week, this bot factory managed to generate an impressive gain of +7.58% while trading CROX, thanks to a combination of factors including a positive MACD Histogram and a solid earnings report.
CROX's MACD Histogram Turns Positive
One significant indicator that contributed to CROX's recent success is the Moving Average Convergence Divergence (MACD) Histogram, which turned positive on September 29, 2023. Historically, when CROX's MACD has shifted into positive territory, the stock has displayed a strong upward trend. In fact, out of 47 past instances, CROX continued to rise in 43 cases over the following month, translating to an impressive 90% probability of a continued upward trend.
Earnings Report Beats Estimates
Beyond technical indicators, a company's financial performance plays a pivotal role in influencing stock prices. CROX's last earnings report, released on July 27, revealed earnings per share (EPS) of $3.59, surpassing the estimated $2.96. With 1.16 million shares outstanding, the current market capitalization for CROX stands at 5.42 billion dollars.
Market Capitalization Comparison
To put CROX's market capitalization into perspective, it's important to consider its position within the Apparel/Footwear Industry. The average market capitalization within this industry is also 5.42 billion dollars. Notably, market caps for companies in this group range from as low as 1.66 thousand dollars to as high as 145.49 billion dollars. For context, NKE is the industry leader with a valuation of 145.49 billion dollars, while SQBGQ holds the lowest valuation at just 1.66 thousand dollars.
Price Movement Highlights
Analyzing price movement across the Apparel/Footwear Industry further illuminates CROX's recent performance. On average, weekly price growth across all stocks in this industry was -1%. Looking at the monthly average, it dropped to -6%, and the quarterly average was -5%. Notably, DLA experienced the highest price growth at 26%, while JLMC saw the most significant decline at -41%.
Volume Trends in the Industry
Finally, examining volume trends within the industry, the average weekly volume growth for Apparel/Footwear stocks was -12%. Contrastingly, the monthly average volume growth was a promising 31%, while the quarterly average showed a modest decrease of -3%.
In summary, the success of AI trading robots like "Swing trader: Volatility Balanced Strategy v.2 (TA)" in navigating the stock market is becoming increasingly evident. CROX's recent gains, supported by positive MACD and a strong earnings report, showcase the potential of these automated trading systems. As investors continue to explore AI-driven strategies, keeping a close eye on technical indicators and earnings reports will remain crucial in capitalizing on market opportunities.
CROX in +3.29% Uptrend, growing for three consecutive days on October 11, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CROX advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
CROX 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 Momentum Indicator moved below the 0 level on October 22, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CROX as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CROX turned negative on October 04, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
CROX moved below its 50-day moving average on October 22, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for CROX crossed bearishly below the 50-day moving average on October 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CROX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
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: CROX's P/B Ratio (6.064) is slightly higher than the industry average of (3.051). P/E Ratio (11.396) is within average values for comparable stocks, (28.555). CROX's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.991). Dividend Yield (0.000) settles around the average of (0.036) among similar stocks. P/S Ratio (2.279) is also within normal values, averaging (1.481).
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 consistent 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 well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CROX’s price grows at a higher 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 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.
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General Information
a retailer of footwear for men, women and children
Industry ApparelFootwear