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.
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 .
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)
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).
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Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer graphics processors, chipsets, and related multimedia software
Industry Semiconductors
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.
| Ticker / NAME | Correlation To NVDA | 1D Price Change % | ||
|---|---|---|---|---|
| NVDA | 100% | -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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