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Serhii Bond's Avatar
published in Blogs
Apr 12, 2023

This AI trading robot, available at Day Traders (TA&FA), was a top performer in our robot factory, generating 3.87% for BAC over the past 6 days.

The world of trading has evolved rapidly over the past decade, with the integration of artificial intelligence (AI) algorithms revolutionizing the industry. One such example is the AI trading robot available at Day Traders (TA&FA), which has proven to be a top performer in recent times.

Over the past month, this AI trading robot has generated an impressive return of 3.87% for BAC, showcasing its efficiency and effectiveness in analyzing the market and making informed investment decisions. The combination of technical analysis (TA) and fundamental analysis (FA) has proven to be a winning formula for this trading robot, enabling it to identify profitable trading opportunities with accuracy and speed.

The use of TA allows the AI trading robot to analyze historical price and volume data, identifying trends and patterns that may signal future market movements. By leveraging sophisticated algorithms, the robot can pinpoint entry and exit points, helping to minimize risks and maximize returns.

Furthermore, the integration of FA provides the robot with a more holistic view of the market, enabling it to analyze company financials, news, and economic indicators. This approach enables the robot to make more informed investment decisions, reducing the potential for market volatility and risks.

The AI trading robot's performance is a testament to the advancements in AI technology and its potential to transform the trading industry. By leveraging cutting-edge algorithms and data analysis techniques, these robots can process vast amounts of data in real time, identifying trading opportunities with speed and accuracy that would be difficult to match manually.

In conclusion, the AI trading robot available at Day Traders (TA&FA) has proven to be a top performer in recent times, generating an impressive 3.87% return for BAC over the past month. The combination of TA and FA enables the robot to analyze historical and current data to make informed investment decisions, reducing risks and maximizing returns. As AI technology continues to evolve, we can expect to see more innovative solutions that enhance the trading industry's efficiency and effectiveness.

 

 

 

 

Related Ticker: BAC

BAC in upward trend: price may ascend as a result of having broken its lower Bollinger Band on May 04, 2023

BAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 39 cases where BAC's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BAC's RSI Indicator exited the oversold zone, of 33 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on BAC as a result. In of 80 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 BAC just turned positive on May 17, 2023. Looking at past instances where BAC's MACD turned positive, the stock continued to rise in of 41 cases 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 BAC advanced for three days, in of 316 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 241 cases where BAC 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 may be shifting from an upward trend to a downward trend. In of 59 cases where BAC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

BAC moved below its 50-day moving average on May 24, 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 BAC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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 fairly steady price growth. BAC’s price grows at a lower 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 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 (0.894) is normal, around the industry mean (0.927). P/E Ratio (8.489) is within average values for comparable stocks, (17.444). Projected Growth (PEG Ratio) (4.250) is also within normal values, averaging (3.197). BAC has a moderately low Dividend Yield (0.031) as compared to the industry average of (0.056). P/S Ratio (2.354) is also within normal values, averaging (2.317).

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. BAC’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 84, 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 74B. The market cap for tickers in the group ranges from 191.41M to 401.7B. JPM holds the highest valuation in this group at 401.7B. 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 -2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 2%. ACGBF experienced the highest price growth at 3%, while BNDSY experienced the biggest fall at -11%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was -16% and the average quarterly volume growth was -22%

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: 52
SMR Rating: 11
Profit Risk Rating: 84
Seasonality Score: 14 (-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
100 North Tryon Street
Phone
+1 704 386-5681
Employees
217000
Web
https://www.bankofamerica.com
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BAC and

Correlation & Price change

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

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BAC
1D Price
Change %
BAC100%
-0.18%
JPM - BAC
85%
Closely correlated
+0.38%
WFC - BAC
85%
Closely correlated
-0.61%
C - BAC
84%
Closely correlated
+0.22%
BMO - BAC
73%
Closely correlated
-0.50%
EWBC - BAC
71%
Closely correlated
-1.05%
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