TQQQ Thrives with Tickeron's AI Trading Robot, Generating 5.04% Profit
One such example is the AI trading robot developed by Swing Trader: ETFs for Growing Industries (TA), which recently caught the attention of traders with its remarkable performance. In this article, we will delve into the robot's success and analyze its earnings results, shedding light on the potential benefits of incorporating AI in trading.
AI Trading Robot's Impressive Performance:
Over the course of a week, the AI trading robot from Swing Trader: ETFs for Growing Industries (TA) demonstrated its mettle by generating a notable return of 5.04% for TQQQ, a popular stock. This performance was achieved within Tickeron's robot factory, a platform known for its cutting-edge AI-driven trading tools. Such exceptional returns undoubtedly captured the interest of traders seeking lucrative opportunities.
Analyzing TQQQ's Momentum Indicator:
To gain further insight into the stock's performance, let's examine TQQQ's Momentum Indicator. On May 5, 2023, the indicator moved above the 0 level, signaling a potential shift towards an upward movement. This development piqued the interest of traders, as it presented an opportunity for buying the stock or acquiring call options.
The Power of AI Analysis:
To assess the probability of TQQQ's price moving higher after the Momentum Indicator turned positive, Tickeron's A.I.dvisor analyzed historical data. In this case, the AI-powered tool scrutinized 72 similar instances where the indicator exhibited a positive turnaround. Impressively, in 68 out of these 72 cases, the stock price experienced an upward trajectory in the following days. This statistical analysis suggests that there is a 90% chance of TQQQ's price continuing to rise, lending confidence to traders contemplating a bullish position.
The Value of Incorporating AI in Trading:
The success of the AI trading robot and the analysis conducted by Tickeron's A.I.dvisor highlight the potential benefits of integrating AI in trading strategies. By leveraging machine learning algorithms and processing vast amounts of historical and real-time data, AI can identify patterns and trends that may elude human traders. This enables traders to make more informed decisions, capitalize on profitable opportunities, and mitigate risks.
Conclusion:
The AI trading robot developed by Swing Trader: ETFs for Growing Industries (TA) has showcased its prowess by generating an impressive return of 5.04% for TQQQ within Tickeron's robot factory. Furthermore, the positive turnaround of TQQQ's Momentum Indicator indicates a strong likelihood of continued upward movement. These results, supported by the analysis conducted by Tickeron's A.I.dvisor, underscore the potential advantages of incorporating AI in trading strategies.
Momentum Indicator for TQQQ turns positive, indicating new upward trend
TQQQ saw its Momentum Indicator move above the 0 level on May 05, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 72 similar instances where the indicator turned positive. In of the 72 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for TQQQ just turned positive on May 08, 2023. Looking at past instances where TQQQ's MACD turned positive, the stock continued to rise in of 46 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 TQQQ advanced for three days, in of 371 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 405 cases where TQQQ 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 19 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TQQQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
TQQQ broke above its upper Bollinger Band on May 26, 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.
Fundamental Analysis (Ratings)
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
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| ECF | 8.16 | 0.06 | +0.74% |
| Ellsworth Growth and Income Fund Ltd | |||
| SH | 14.54 | 0.02 | +0.14% |
| ProShares Short S&P500 | |||
| IDRV | 37.93 | N/A | N/A |
| iShares Self-Driving EV and Tech ETF | |||
| RFCI | 22.22 | -0.02 | -0.10% |
| RiverFront Dynamic Core Income ETF | |||
| SAVN | 8.82 | -0.01 | -0.11% |
| LifeGoal Conservative Wealth Builder ETF | |||
TQQQ and
Correlation & Price change
A.I.dvisor indicates that over the last year, TQQQ has been closely correlated with QLD. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if TQQQ jumps, then QLD could also see price increases.
| Ticker / NAME | Correlation To TQQQ | 1D Price Change % | ||
|---|---|---|---|---|
| TQQQ | 100% | +0.22% | ||
| QLD - TQQQ | 100% Closely correlated | +0.12% | ||
| ROM - TQQQ | 99% Closely correlated | -1.20% | ||
| IWFL - TQQQ | 98% Closely correlated | -0.19% | ||
| TECL - TQQQ | 98% Closely correlated | -1.80% | ||
| BULZ - TQQQ | 98% Closely correlated | -1.49% | ||
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