Trading robots powered by artificial intelligence (AI) have revolutionized the financial industry by making trading decisions faster and more accurate. The latest addition to this list is the trading robot available at Swing-Trader-Popular-Stocks-TA-FA. This robot has generated an impressive return of +17% for NOK in the past month. This article will discuss the technical analysis of this robot's performance and try to understand the factors behind its success.
Technical Analysis:
Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. In the case of this AI trading robot, we can use technical analysis to understand the factors that led to its success in generating a return of +17% for NOK in the past month.
The trading robot uses a combination of technical analysis (TA) and fundamental analysis (FA) to make trading decisions. Technical analysis involves using charts and other tools to identify patterns and trends in market data. Fundamental analysis involves the analysis of a company's financial and economic factors, such as revenue, earnings, and market share.
The trading robot uses both types of analysis to identify potential trades and then executes them automatically. The robot also uses machine learning algorithms to learn from past trades and continuously improve performance.
Factors Behind the Robot's Success:
The success of the trading robot can be attributed to several factors, including:
Technical analysis tools: The robot uses advanced technical analysis tools to identify potential trades. These tools help the robot to analyze market data quickly and accurately, which allows it to make more informed trading decisions.
Machine learning algorithms: The robot uses machine learning algorithms to learn from past trades and continuously improve performance. This allows the robot to adapt to changing market conditions and identify new trading opportunities.
Fundamental analysis: The robot also uses fundamental analysis to identify potential trades. This allows the robot to take into account a company's financial and economic factors, which can help to identify undervalued or overvalued stocks.
Conclusion:
In conclusion, the AI trading robot available at Swing-Trader-Popular-Stocks-TA-FA has generated an impressive return of +17% for NOK in the past month. The robot's success can be attributed to its use of advanced technical analysis tools, machine learning algorithms, and fundamental analysis. The robot's ability to analyze market data quickly and accurately, adapt to changing market conditions, and identify new trading opportunities makes it a valuable tool for investors looking to improve their returns.
The RSI Oscillator for NOK moved out of oversold territory on May 17, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In of the 17 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 57 cases where NOK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NOK just turned positive on May 15, 2023. Looking at past instances where NOK'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 .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NOK advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOK 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 NOK entered a downward trend on May 30, 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.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.981) is normal, around the industry mean (8.930). P/E Ratio (4.933) is within average values for comparable stocks, (57.099). NOK's Projected Growth (PEG Ratio) (8.253) is very high in comparison to the industry average of (2.141). Dividend Yield (0.023) settles around the average of (0.043) among similar stocks. P/S Ratio (0.826) is also within normal values, averaging (22.936).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. NOK’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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NOK’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 87, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of network infrastructure, technology and software services
Industry TelecommunicationsEquipment
A.I.dvisor indicates that over the last year, NOK has been closely correlated with ERIC. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOK jumps, then ERIC could also see price increases.
Ticker / NAME | Correlation To NOK | 1D Price Change % | ||
---|---|---|---|---|
NOK | 100% | N/A | ||
ERIC - NOK | 76% Closely correlated | -0.57% | ||
CSCO - NOK | 60% Loosely correlated | +0.62% | ||
HPE - NOK | 60% Loosely correlated | +1.17% | ||
JNPR - NOK | 59% Loosely correlated | +0.62% | ||
BDC - NOK | 55% Loosely correlated | -1.71% | ||
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