Tech Stocks Soar: Trader Bot Nets +5.7% for $NVDA Last Week
This article delves into the recent success of these bots, particularly focusing on their activities with NVDA (NVIDIA Corporation) and analyzing key indicators that contributed to their +5.7% gain over the previous week.
Positive Momentum Indicator Points to a New Upward Trend:
One of the crucial indicators signaling the success of the AI trading robots is the Momentum Indicator for NVDA. On November 01, 2023, the indicator moved above the 0 level, suggesting a potential shift into a new upward trend. Tickeron's A.I.dvisor, after analyzing 77 similar instances of a positive Momentum Indicator, found that in 66 cases, the stock moved higher in the following days, indicating an 86% probability of a positive move.
Earnings Report Highlights Strong Performance:
The last earnings report on August 23 revealed that NVDA exceeded expectations with earnings per share of $2.70, surpassing the estimated $2.07. With 31.94 million shares outstanding, the current market capitalization stands at an impressive 1.22 trillion dollars. This stellar performance contributes to the overall positive sentiment surrounding NVDA.
Dividend Details:
NVDA's dividend of $0.04 per share, with a record date of September 28, 2023, and an ex-dividend date of September 06, 2023, adds another layer to its attractiveness for investors. The article explains the significance of the ex-dividend date and its impact on dividend payments, providing valuable insights for potential investors.
Market Capitalization Comparison:
NVDA's market capitalization of 1.22 trillion dollars positions it as the industry leader in the Semiconductors sector. The article compares this to the average market capitalization of 30.75 billion dollars across the industry, highlighting NVDA's dominant position. Additionally, it contrasts NVDA with the lowest-valued company in the sector, CYBL, at 13.43 thousand dollars.
Highs and Lows in Price Movements:
The article analyzes the notable price movements in the Semiconductors Industry, noting that NVDA's weekly price growth contributed to the 5% industry average. It explores the monthly and quarterly trends, highlighting PRKR's exceptional 91% price growth and ODII's significant -31% fall.
Volume Trends in the Semiconductors Industry:
Examining volume trends, the article reveals that NVDA's average weekly volume growth aligns with the industry average, while also delving into monthly and quarterly trends. The insights provided help readers understand the dynamics of trading activity within the Semiconductors Industry.
Summary:
In summary, the success of AI trading bots, particularly in the context of NVDA, showcases the potential for utilizing advanced algorithms in the stock market. The positive Momentum Indicator, strong earnings performance, dividend payments, and market capitalization highlight NVDA's favorable position.
NVDA's Indicator enters downward trend
The Aroon Indicator for NVDA entered a downward trend on December 20, 2024. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 148 similar instances where the Aroon Indicator formed such a pattern. In of the 148 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 79 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 NVDA turned negative on November 15, 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 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
NVDA moved below its 50-day moving average on December 12, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on December 16, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 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 NVDA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 373 cases, the price rose further within the following month. The odds of a continued upward trend are .
NVDA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.
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 steady price growth. NVDA’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 Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly 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: NVDA's P/B Ratio (50.000) is slightly higher than the industry average of (10.362). P/E Ratio (53.178) is within average values for comparable stocks, (57.128). Projected Growth (PEG Ratio) (0.965) is also within normal values, averaging (3.148). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (29.586) is also within normal values, averaging (46.311).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors