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published in Blogs
Jun 28, 2023

The rally of our robots continues, with SNAP stocks earning over 4% last week.

During Tuesday's trading session, the Dow Jones Industrial Average showed its first positive session in seven days, closing 0.63% higher. Meanwhile, the S&P 500 and Nasdaq Composite surged over 1% each, thanks to the recovery of technology stocks following last week's sell-off. Our robots are also in long positions and kept up with the market yesterday. In my opinion, the positive momentum will continue, and we may have entered a phase of a long-term bull market.

It's worth highlighting the performance of SNAP shares, which continue to grow actively. Last week, our robot at Swing-Trader-Popular-Stocks-TA-FA earned over 4% with this stock. This AI Robot is designed for swing traders who prefer to trade the most active stocks with good liquidity and low spreads. The algorithm's main idea is to identify trend reversal points when the medium-term and short-term trends align in the same direction.

This robot is best suited for active traders who have enough time to monitor 40-50 trades simultaneously. The average trade duration is 3 days, allowing our users to comfortably manage a large number of open positions.

To create a list of traded stocks, we evaluated several parameters, including trading volume dynamics, strong fundamentals, and high intraday liquidity. Only when the trend direction aligns across different time periods does the algorithm start looking for an entry point using a pool of technical indicators processed with neural networks. If most of the technical indicators generate a signal in the same direction as the trends, it provides a signal to open a position.

After entering a trade, the AI Robot sets a fixed "Take Profit" order at 3% of the position's opening price. To exit a position, the robot uses two options: a fixed stop loss at 3% of the opening price and a flexible trailing stop that helps preserve most of the profit if the market reverses.

The robot's trading results are shown without using margin. For complete trading statistics and an equity chart, click on the "Show more" button on the robot's page. In the "Open Trades" tab, users can observe how the AI Robot selects equities, enters and exits paper trades in real time. In the "Closed trades" tab, users can review all previous trades executed by the AI Robot.

Related Ticker: SNAP

SNAP sees MACD Histogram just turned negative

SNAP saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 15, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 13, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SNAP as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 SNAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SNAP broke above its upper Bollinger Band on August 31, 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 Aroon Indicator for SNAP entered a downward trend on August 29, 2023. 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 RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SNAP's RSI Oscillator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 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 SNAP advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. SNAP’s price grows at a lower 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 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: P/B Ratio (5.631) is normal, around the industry mean (17.317). P/E Ratio (0.000) is within average values for comparable stocks, (41.697). Projected Growth (PEG Ratio) (5.636) is also within normal values, averaging (3.542). Dividend Yield (0.000) settles around the average of (0.025) among similar stocks. P/S Ratio (3.085) is also within normal values, averaging (8.578).

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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNAP’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.

Notable companies

The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Baidu (NASDAQ:BIDU), Spotify Technology SA (NYSE:SPOT), Pinterest (NYSE:PINS), Snap (NYSE:SNAP), Tencent Music Entertainment Group (NYSE:TME), Twilio (NYSE:TWLO), Zillow Group (NASDAQ:Z).

Industry description

Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.

Market Cap

The average market capitalization across the Internet Software/Services Industry is 48.89B. The market cap for tickers in the group ranges from 1.11K to 1.65T. GOOGL holds the highest valuation in this group at 1.65T. The lowest valued company is MSEZ at 1.11K.

High and low price notable news

The average weekly price growth across all stocks in the Internet Software/Services Industry was -3%. For the same Industry, the average monthly price growth was 3,956%, and the average quarterly price growth was 3,698%. BBUZ experienced the highest price growth at 123%, while VYGPF experienced the biggest fall at -41%.

Volume

The average weekly volume growth across all stocks in the Internet Software/Services Industry was -37%. For the same stocks of the Industry, the average monthly volume growth was -9% and the average quarterly volume growth was -15%

Fundamental Analysis Ratings

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

Valuation Rating: 43
P/E Growth Rating: 73
Price Growth Rating: 67
SMR Rating: 80
Profit Risk Rating: 92
Seasonality Score: -19 (-100 ... +100)
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A.I.Advisor
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published General Information

General Information

a developer of a text and photo based messaging application for mobile phones

Industry InternetSoftwareServices

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
3000 31st Street
Phone
+1 310 399-3339
Employees
5288
Web
https://www.snap.com
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SNAP and

Correlation & Price change

A.I.dvisor indicates that over the last year, SNAP has been loosely correlated with PINS. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if SNAP jumps, then PINS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNAP
1D Price
Change %
SNAP100%
+0.70%
PINS - SNAP
60%
Loosely correlated
+1.02%
SSTK - SNAP
48%
Loosely correlated
-0.97%
KIND - SNAP
45%
Loosely correlated
-0.54%
DASH - SNAP
40%
Loosely correlated
+0.75%
ZG - SNAP
39%
Loosely correlated
-1.49%
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