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published in Blogs
Jul 10, 2023

Trader Robot's Contribution to NVDA: +5.47% Return in the Past Week

One such bot, the Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA) has recently demonstrated impressive performance, generating a gain of +5.47% while trading NVDA over the previous week. However, a closer look at technical indicators suggests a potential shift in the stock's trend, prompting traders to consider alternative strategies.

Technical Analysis Signals a Possible Downtrend:

On June 23, 2023, the 10-day Relative Strength Index (RSI) Oscillator for NVDA moved out of overbought territory. This occurrence often signifies a transition from an upward trend to a downward trend. Traders closely monitor such movements, as they could indicate an opportunity to sell the stock or consider put options. Tickeron's A.I.dvisor, a renowned AI-powered analytics platform, analyzed 50 instances where the RSI indicator moved out of the overbought zone. In 36 out of 50 cases, the stock subsequently experienced a decline. This statistical analysis suggests that the odds of a downward move for NVDA currently stand at 72%.

Impressive Earnings Beat:

NVDA's most recent earnings report, released on May 24, revealed earnings per share (EPS) of $1.09, surpassing the estimated figure of 92 cents. This positive earnings surprise reflects the company's strong financial performance and reinforces investor confidence in its prospects. With 35.38 million shares outstanding, NVDA's current market capitalization stands at an impressive $1.05 trillion, reflecting its position as a significant player in the market.

Summary:

While the AI trading bots, particularly the Swing Trader, Popular Stocks: Short Bias Strategy (TA&FA) have showcased commendable performance, generating a gain of +5.47% while trading NVDA, technical analysis signals a potential shift in the stock's trend. The move of NVDA's 10-day RSI Oscillator out of overbought territory indicates a possible transition from an upward trend to a downward trend, with historical data suggesting a 72% chance of a subsequent decline. Traders should exercise caution and consider alternative strategies such as selling the stock or exploring put options. NVDA's strong earnings report further strengthens investor confidence in the company's prospects. With an earnings per share of $1.09, beating the estimated figure of 92 cents, NVDA demonstrates robust financial performance and solidifies its position as a leading player in the market.

Related Ticker: NVDA

NVDA in downward trend: price expected to drop as it breaks its higher Bollinger Band on August 21, 2023

NVDA broke above its upper Bollinger Band on August 21, 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. The A.I.dvisor looked at 55 similar instances where the stock broke above the upper band. In of the 55 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NVDA as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NVDA turned negative on September 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

NVDA moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NVDA crossed bearishly below the 50-day moving average on September 19, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over 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 NVDA 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 NVDA entered a downward trend on September 26, 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.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NVDA's RSI Oscillator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NVDA advanced for three days, in of 347 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.

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 steady price growth. NVDA’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 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: NVDA's P/B Ratio (37.879) is slightly higher than the industry average of (7.944). P/E Ratio (102.041) is within average values for comparable stocks, (53.779). Projected Growth (PEG Ratio) (1.337) is also within normal values, averaging (2.342). NVDA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (32.154) is also within normal values, averaging (72.586).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), Texas Instruments (NASDAQ:TXN), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Analog Devices (NASDAQ:ADI), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 27.9B. The market cap for tickers in the group ranges from 13.43K to 1.04T. NVDA holds the highest valuation in this group at 1.04T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was 16%. For the same Industry, the average monthly price growth was 16%, and the average quarterly price growth was 19%. SMTKD experienced the highest price growth at 3,058%, while BCHPY experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was -29% 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: 57
P/E Growth Rating: 51
Price Growth Rating: 58
SMR Rating: 64
Profit Risk Rating: 62
Seasonality Score: -34 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a manufacturer of computer graphics processors, chipsets, and related multimedia software

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
2788 San Tomas Expressway
Phone
+1 408 486-2000
Employees
26196
Web
https://www.nvidia.com
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NVDA and

Correlation & Price change

A.I.dvisor indicates that over the last year, NVDA has been closely correlated with AMD. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if NVDA jumps, then AMD could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NVDA
1D Price
Change %
NVDA100%
-0.74%
AMD - NVDA
82%
Closely correlated
-1.46%
AOSL - NVDA
78%
Closely correlated
-3.50%
ASML - NVDA
77%
Closely correlated
-2.29%
MPWR - NVDA
75%
Closely correlated
-1.90%
MRVL - NVDA
73%
Closely correlated
-1.75%
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