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Aug 17, 2023

Trader Bot's Success Story: +4.40% Gain for $TSLA in a Week

The intersection of technology and finance has birthed a new era in trading, with AI-powered trading robots taking center stage. In the world of modern trading, where speed, accuracy, and informed decision-making are paramount, these AI trading robots are proving their mettle. A prime example can be found in the "Trend Trader: Popular Stocks (TA&FA)" bots, which recently showcased their prowess by generating a remarkable gain of +4.40% while trading Tesla (TSLA) over the course of the previous week. This article delves into the technical analysis of this noteworthy feat and examines the intriguing dynamics behind it.

TSLA's Shifting Trend: A Technical Analysis

On August 09, 2023, a significant event occurred on Tesla's price chart that sent ripples through the trading community. The 10-day moving average (MA) of TSLA crossed bearishly below the 50-day moving average, indicating a notable shift in the stock's trend trajectory. This particular occurrence can be interpreted as a sell signal, suggesting that the stock is poised for further downward movement.

Interestingly, historical data presents an intriguing insight into this scenario. Over the past 11 instances when the 10-day moving average crossed below the 50-day moving average, TSLA stock continued to ascend over the subsequent month in 10 cases. This seemingly paradoxical outcome hints at the complexities of market behavior and the importance of analyzing additional factors that influence stock price movements.

Earnings Report Impact

While technical analysis provides a glimpse into the potential trajectory of a stock, fundamental analysis grounds our understanding in financial realities. The most recent earnings report for TSLA, released on July 19, revealed earnings per share (EPS) of 91 cents, surpassing the market estimate of 79 cents. This earnings beat serves as an indicator of the company's strong performance and its ability to generate profit beyond expectations.

With approximately 46.08 million shares outstanding, TSLA's market capitalization currently stands at a staggering $739.41 billion. This market capitalization is a testament to Tesla's dominance in the electric vehicle market and its position as a trailblazer in the realm of sustainable transportation.

Synthesis of Technical and Fundamental Analysis

The interplay between technical and fundamental analysis is where the true essence of trading lies. In the case of TSLA, the AI trading robots of "Trend Trader: Popular Stocks (TA&FA)" defied the downward trend by capitalizing on the stock's earnings-driven strength. This highlights the importance of considering both quantitative factors, such as moving averages, and qualitative factors, such as earnings reports, when making trading decisions.

Summary

The rise of AI trading robots presents a paradigm shift in the trading landscape, enabling traders to harness advanced algorithms to navigate complex market scenarios. The recent +4.40% gain achieved by these bots while trading TSLA serves as a testament to their potential. Additionally, the juxtaposition of TSLA's downward trend and its impressive earnings performance emphasizes the need for a holistic approach to trading, integrating both technical and fundamental analyses.

Related Ticker: TSLA

Aroon Indicator for TSLA shows an upward move is likely

TSLA's Aroon Indicator triggered a bullish signal on July 17, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 320 similar instances where the Aroon Indicator showed a similar pattern. In of the 320 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 17, 2024. You may want to consider a long position or call options on TSLA as a result. In of 73 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 TSLA just turned positive on June 14, 2024. Looking at past instances where TSLA's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

TSLA moved above its 50-day moving average on June 12, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for TSLA moved out of overbought territory on July 17, 2024. 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 37 similar instances where the indicator moved out of overbought territory. In of the 37 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 62 cases where TSLA's Stochastic Oscillator exited the overbought zone, the price fell further within 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 TSLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TSLA broke above its upper Bollinger Band on July 01, 2024. 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)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

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 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 84, placing this stock slightly better than average.

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 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 significantly 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 (8.905) is normal, around the industry mean (6.142). P/E Ratio (40.726) is within average values for comparable stocks, (18.064). Projected Growth (PEG Ratio) (2.067) is also within normal values, averaging (5.553). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (6.305) is also within normal values, averaging (75.140).

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 32.93B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was 0%. For the same Industry, the average monthly price growth was 11%, and the average quarterly price growth was -2%. VEV experienced the highest price growth at 80%, while MULN experienced the biggest fall at -21%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was 24% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 74
Price Growth Rating: 52
SMR Rating: 74
Profit Risk Rating: 84
Seasonality Score: -3 (-100 ... +100)
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General Information

a manufacturer of electric sports cars

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Motor Vehicles
Address
1 Tesla Road
Phone
+1 512 516-8177
Employees
140473
Web
https://www.tesla.com
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