Tickeron's Robot Factory Yields 23.55% Returns for AFRM Trading in Recent Six-Month Period
The Swing Trader: Volatility Balanced Strategy v.2 (TA), has recently captured attention with its remarkable performance. Over the past six months, this robot has demonstrated its prowess by generating a significant 23.55% gain while trading AFRM, an indication of its potential to capitalize on market opportunities. Let's delve deeper into the analysis to understand the factors contributing to its success.
Positive Signal: AFRM's Upward Trend
One key element that supported the performance of the Swing Trader robot is the change in AFRM's price trend. On May 8, 2023, the stock moved above its 50-day moving average, signaling a shift from a downward trend to an upward trend. Historical data reveals that in 11 out of 12 similar instances in the past, the stock price continued to increase within the following month. This trend suggests a compelling 90% probability of a continued upward trajectory for AFRM, making it an attractive opportunity for traders and investors alike.
Earnings Report Highlights:
While technical indicators play a significant role in assessing a stock's potential, fundamental factors such as earnings reports also play a crucial role in shaping market sentiment. AFRM released its latest earnings report on May 9, providing valuable insights into the company's financial performance.
The earnings per share (EPS) for the reporting period stood at -68 cents, surpassing the estimated EPS of -92 cents. This positive earnings surprise suggests that AFRM performed better than market expectations, which can instill confidence among investors. It is worth noting that EPS figures are typically reported on a diluted basis, considering the effect of potential stock issuances, which allows for a more accurate assessment of a company's earnings power.
Market Capitalization and Share Outstanding:
In addition to earnings, market capitalization is an important metric that provides an overview of a company's overall value. Currently, AFRM has approximately 31.47 million shares outstanding, resulting in a market capitalization of 4.68 billion dollars. This figure reflects the total market worth of the company's outstanding shares and is an essential component for evaluating its financial standing.
The Swing Trader: Volatility Balanced Strategy v.2 (TA) robot has demonstrated remarkable performance, generating a gain of 23.55% while trading AFRM over the past six months. The upward trend observed in AFRM's stock price, following its move above the 50-day moving average, further supports the robot's positive performance. Additionally, AFRM's recent earnings report exceeded market expectations, indicating potential growth opportunities for the company.
AFRM in -7.64% downward trend, declining for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where AFRM declined for three days, in of 186 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for AFRM moved out of overbought territory on September 19, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 19 similar instances where the indicator moved out of overbought territory. In of the 19 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 36 cases where AFRM's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
AFRM broke above its upper Bollinger Band on August 25, 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.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 25, 2023. You may want to consider a long position or call options on AFRM as a result. In of 40 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 AFRM just turned positive on August 25, 2023. Looking at past instances where AFRM's MACD turned positive, the stock continued to rise in of 21 cases over the following month. The odds of a continued upward trend are .
AFRM moved above its 50-day moving average on August 25, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for AFRM crossed bullishly above the 50-day moving average on August 31, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 5 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 AFRM advanced for three days, in of 146 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 112 cases where AFRM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AFRM’s price grows at a higher 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 fair valued 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 (2.729) is normal, around the industry mean (21.161). P/E Ratio (0.000) is within average values for comparable stocks, (153.203). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.676). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (4.296) is also within normal values, averaging (74.261).
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. AFRM’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 90, placing this stock worse than average.
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Fundamental Analysis Ratings
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AFRM and
Correlation & Price change
A.I.dvisor indicates that over the last year, AFRM has been closely correlated with COIN. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if AFRM jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To AFRM | 1D Price Change % | ||
|---|---|---|---|---|
| AFRM | 100% | -2.74% | ||
| COIN - AFRM | 81% Closely correlated | -1.87% | ||
| CLSK - AFRM | 71% Closely correlated | -3.66% | ||
| RIOT - AFRM | 70% Closely correlated | -4.02% | ||
| BILL - AFRM | 66% Loosely correlated | -0.04% | ||
| TDOC - AFRM | 65% Loosely correlated | -1.20% | ||
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