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.
The 10-day RSI Indicator for SNDL moved out of overbought territory on May 11, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 15 instances where the indicator moved out of the overbought zone. In of the 15 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Momentum Indicator moved below the 0 level on May 24, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SNDL as a result. In of 64 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 SNDL turned negative on May 25, 2023. 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 33 similar instances when the indicator turned negative. In of the 33 cases the stock turned lower in the days that followed. This puts the odds of success at .
SNDL moved below its 50-day moving average on May 25, 2023 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 May 05, 2023. 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 Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The 10-day moving average for SNDL crossed bullishly above the 50-day moving average on May 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SNDL advanced for three days, in of 144 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 49 cases where SNDL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 (0.409) is normal, around the industry mean (41.822). P/E Ratio (3.536) is within average values for comparable stocks, (52.947). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.710). SNDL has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (0.572) is also within normal values, averaging (55.800).
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 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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows