The Swing Trader ($6K per position): Volatility Balanced Strategy v.2 (TA) Robot outperformed the S&P Index by more than 5% in April.
The S&P 500 and Nasdaq Composite have had a challenging April, with both indices expected to close the month in the negative territory. The S&P 500 has declined 1.3% since the start of the month, making it the second negative month in the last three months. The Nasdaq Composite has been hit harder, losing 3% in April, making it its worst month so far in 2023. The Dow has had a lackluster performance, up by only 0.08% this month. On a positive note, the Swing Trader ($6K per position): Volatility Balanced Strategy v.2 (TA) Robot has outperformed the S&P Index by over 5% this month.
This robot is designed for traders who prefer a balanced trading strategy, opening no more than 20-30 trades at a time with an average trade duration of 1 day.
The robot's risk management strategy is based on a trading balance of $100,000 and a position size of $6,000 per trade, but traders can adjust their trading balance as needed, with the position size changing proportionally. For example, if the trading balance is lowered to $50,000, the position size will be automatically adjusted to $3,000.
To select tradable stocks, the robot considers high and medium volatility stocks, allowing traders to adjust the algorithm based on market activity.
Here's how the robot operates:
Step 1: The algorithm evaluates the short- and medium-term trend for each selected stock.
Step 2: Using a proprietary set of technical indicators, the robot looks for a signal to open a trade.
Step 3: Depending on the volatility and direction of both types of trends, a separate algorithm determines the position size to be opened.
Once a trade is entered, the robot places a "Take profit" order with the distance depending on the current market volatility. To exit a position, the robot uses a fixed stop loss of 3% of the opening price and a flexible trailing stop to maximize profits if the market reverses.
The robot's trading results are shown without using margin. For a more detailed analysis of the robot's performance, traders can click the "Show more" button on the robot page to view trading statistics and equity charts. In the "Open Trades" tab, users can observe the robot's paper trades in real-time, while the "Closed trades" tab provides a review of all previous trades executed by the robot.
It's also worth highlighting the stocks of Shopify (SHOP), which this robot has traded and earned almost 5% just this week.
SHOP's RSI Oscillator is sitting in oversold zone for 1 day
It is expected that a price bounce should occur soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 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 +1 3-day Advance, the price is estimated to grow further. Considering data from situations where SHOP advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
SHOP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 15, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SHOP as a result. In of 82 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 SHOP turned negative on September 18, 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 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .
SHOP moved below its 50-day moving average on September 18, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SHOP crossed bearishly below the 50-day moving average on September 21, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 SHOP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SHOP 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.
Fundamental Analysis (Ratings)
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 Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SHOP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
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 (9.124) is normal, around the industry mean (21.049). P/E Ratio (277.778) is within average values for comparable stocks, (152.713). Projected Growth (PEG Ratio) (0.862) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (10.741) is also within normal values, averaging (74.081).
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.
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
an operator of eCommerce website that allows customers to sell online by providing software to create an online store
Industry PackagedSoftware
SHOP and
Correlation & Price change
A.I.dvisor indicates that over the last year, SHOP has been closely correlated with COIN. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if SHOP jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To SHOP | 1D Price Change % | ||
|---|---|---|---|---|
| SHOP | 100% | -1.15% | ||
| COIN - SHOP | 67% Closely correlated | -4.65% | ||
| CLSK - SHOP | 64% Loosely correlated | -3.20% | ||
| RIOT - SHOP | 62% Loosely correlated | -3.55% | ||
| HUBS - SHOP | 62% Loosely correlated | +0.42% | ||
| DDOG - SHOP | 62% Loosely correlated | +0.38% | ||
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