SNDL gains 5.26% with AI trading robot
Swing Trader's AI trading robot using Deep Trend Analysis (TA) has been making waves in the stock market, and its recent performance in Tickeron's robot factory is no exception. Over the course of a week, this trading robot generated a 5.26% gain for SNDL.
But what does this mean for investors and traders interested in SNDL?
First, let's take a look at SNDL's recent price movements. On May 04, 2023, the stock moved above its 50-day moving average, which is an important technical indicator. This upward movement signals a shift from a downward trend to an upward trend, which is a positive sign for traders looking to buy or hold SNDL shares. Furthermore, historical data suggests that this trend is likely to continue. In 16 of 19 similar past instances, the stock price increased further within the following month. This means that there is an 84% chance that SNDL's upward trend will continue in the coming weeks.
Now, let's take a closer look at SNDL's earnings report. The last report, which was released on November 14, showed earnings per share of -40 cents. This met the estimate of -40 cents, which is a neutral result for investors. SNDL currently has 4.06M shares outstanding, which puts its market capitalization at 449.97M. While the earnings report doesn't show a positive or negative trend, the company's market cap suggests that it is still a viable investment opportunity for traders.
Swing Trader's AI trading robot's performance in Tickeron's robot factory highlights the potential for using AI technology in trading. SNDL's recent price movements and historical data suggest that there is a high probability of continued upward trend. While the earnings report may not be a clear indicator of the company's potential, its market cap suggests that SNDL is still a viable investment opportunity. Traders looking for potential gains in SNDL should keep a close eye on the stock and use technical analysis to make informed decisions.
SNDL's Stochastic Oscillator reaching overbought zone
The Stochastic Oscillator for SNDL moved into overbought territory on October 16, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
Technical Analysis (Indicators)
Bearish Trend Analysis
SNDL moved below its 50-day moving average on September 19, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNDL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
SNDL broke above its upper Bollinger Band on September 17, 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 SNDL entered a downward trend on October 16, 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 Momentum Indicator moved above the 0 level on October 16, 2024. You may want to consider a long position or call options on SNDL as a result. In of 86 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 SNDL just turned positive on October 15, 2024. Looking at past instances where SNDL's MACD turned positive, the stock continued to rise in of 45 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 SNDL advanced for three days, in of 195 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNDL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 (0.578) is normal, around the industry mean (3.922). P/E Ratio (3.536) is within average values for comparable stocks, (28.956). SNDL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (2.099). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (0.760) is also within normal values, averaging (6.048).
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. SNDL’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 93, placing this stock worse than average.
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