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Jonathan Merton's Avatar
published in Blogs
May 26, 2023

Stellar Performance: Tickeron's AI Trading Robot Generates 4.43% Gain on WFC Investment

Artificial intelligence (AI) has revolutionized the world of trading, and the Trend Trader: Popular Stocks (TA&FA) robot from Tickeron's robot factory has emerged as a top performer. Over the course of a week, this AI trading robot generated a significant return of 4.43% for WFC (Wells Fargo & Company), showcasing its potential to deliver consistent profits in the market. In addition to its impressive performance, the technical analysis of WFC's stock chart reveals bullish indicators that further support the case for considering it as a strong investment opportunity.

Bullish Technical Indicators: On May 19, 2023, a bullish crossover occurred on WFC's stock chart, as the 10-day moving average crossed above the 50-day moving average. This event is often regarded as a significant signal of a potential upward trend shift. Historical data reinforces this belief, as in 12 out of 15 past instances when the 10-day moving average crossed above the 50-day moving average, the stock continued to move higher over the following month. Based on this pattern, there is an 80% probability of a continued upward trend for WFC in the near future, making it an attractive option for investors.

Earnings Report Analysis: Examining the most recent earnings report of WFC, released on April 14, provides additional insight into the company's financial performance. The reported earnings per share (EPS) stood at $1.23, surpassing the estimated value of $1.12. This beat indicates that the company performed better than expected, suggesting a positive outlook for its financial health and overall market sentiment.

WFC currently has 1.63 million shares outstanding, contributing to a market capitalization of approximately $153.35 billion. The market capitalization reflects the total value of a company's outstanding shares and is a key metric used to assess its overall size and worth. With WFC's significant market capitalization, it indicates a stable and well-established company with the potential for continued growth.

The Trend Trader: Popular Stocks (TA&FA) AI trading robot has proven its worth by delivering impressive returns for WFC in a short period. Furthermore, the bullish technical indicators, such as the recent crossover of the 10-day moving average above the 50-day moving average, suggest a favorable market trend for the stock. Coupled with the positive earnings report, where WFC exceeded EPS estimates, it indicates a company with solid financial performance. As such, investors may find WFC an attractive investment opportunity, with strong growth potential and a promising outlook for the future.

Related Ticker: WFC

WFC in upward trend: price rose above 50-day moving average on May 17, 2023

WFC moved above its 50-day moving average on May 17, 2023 date and that indicates a change from a downward trend to an upward trend. In of 37 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 02, 2023. You may want to consider a long position or call options on WFC as a result. In of 87 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 WFC just turned positive on May 17, 2023. Looking at past instances where WFC's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for WFC crossed bullishly above the 50-day moving average on May 19, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 3-day Advance, the price is estimated to grow further. Considering data from situations where WFC advanced for three days, in of 300 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 237 cases where WFC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WFC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WFC broke above its upper Bollinger Band on June 07, 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.

Fundamental Analysis (Ratings)

Fear & Greed

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 Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. WFC’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 outstanding 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 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 (0.983) is normal, around the industry mean (0.941). P/E Ratio (12.240) is within average values for comparable stocks, (17.528). Projected Growth (PEG Ratio) (0.847) is also within normal values, averaging (3.225). WFC has a moderately low Dividend Yield (0.028) as compared to the industry average of (0.055). P/S Ratio (2.110) is also within normal values, averaging (2.344).

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. WFC’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 85, placing this stock worse than average.

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 75.42B. The market cap for tickers in the group ranges from 191.41M to 411.25B. JPM holds the highest valuation in this group at 411.25B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 5%. BNDSY experienced the highest price growth at 11%, while BCMXY experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was -63%. For the same stocks of the Industry, the average monthly volume growth was -48% and the average quarterly volume growth was -47%

Fundamental Analysis Ratings

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

Valuation Rating: 52
P/E Growth Rating: 56
Price Growth Rating: 50
SMR Rating: 11
Profit Risk Rating: 84
Seasonality Score: -20 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a major bank

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
420 Montgomery Street
Phone
+1 866 249-3302
Employees
238000
Web
https://www.wellsfargo.com
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WFC and

Correlation & Price change

A.I.dvisor indicates that over the last year, WFC has been closely correlated with BAC. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if WFC jumps, then BAC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To WFC
1D Price
Change %
WFC100%
-0.56%
BAC - WFC
85%
Closely correlated
+0.14%
C - WFC
81%
Closely correlated
+0.40%
JPM - WFC
80%
Closely correlated
+0.20%
EWBC - WFC
73%
Closely correlated
-1.80%
BCS - WFC
67%
Closely correlated
-0.88%
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