Trader Robot's Effectiveness Evident: NVDA Sees +5.98% Upswing Last Week
The Swing trader: Long-Short Equity Strategy (TA&FA) bot accessible to traders, which recently demonstrated its prowess by generating a significant 6.01% gain while trading NVDA (NVIDIA Corporation) over the previous week. This article delves into the analysis behind the bot's success and explores the favorable earnings report that contributed to NVDA's recent performance.
Analyzing the Aroon Indicator:
On June 29, 2023, NVDA's Aroon Indicator triggered a bullish signal, as identified by Tickeron's A.I.dvisor. The AroonUp green line was observed to be above 70, while the AroonDown red line remained below 30. This pattern indicates that the stock could be poised for a bullish move, prompting traders to consider buying the stock or exploring call options. Tickeron's A.I.dvisor examined 355 similar instances where the Aroon Indicator displayed a comparable pattern. Remarkably, in 303 out of these 355 cases, the stock moved higher in the subsequent days, suggesting an 85% probability of an upward move.
Earnings Report Highlights:
NVDA's last earnings report, released on May 24, exceeded expectations with earnings per share (EPS) of $1.09, surpassing the estimated 92 cents. The market responded positively to this strong performance, further boosting the confidence of traders and investors. With 5.12 million shares outstanding, the current market capitalization of NVDA stands at a substantial $1.05 trillion.
The utilization of AI trading robots, such as the Swing trader: Long-Short Equity Strategy (TA&FA) bot, has proven fruitful in the recent trading activities surrounding NVDA. The successful identification of the bullish signal using the Aroon Indicator, as well as the favorable earnings report, contributed to the stock's upward trajectory
NVDA in downward trend: price may decline as a result of having broken 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 78 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 August 21, 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 Indicator entered the oversold zone -- be on the watch for NVDA's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 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 (7.984). P/E Ratio (102.041) is within average values for comparable stocks, (53.953). Projected Growth (PEG Ratio) (1.338) is also within normal values, averaging (2.360). 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 (72.684).
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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% | -2.89% | ||
| AMD - NVDA | 82% Closely correlated | -4.25% | ||
| AOSL - NVDA | 78% Closely correlated | N/A | ||
| ASML - NVDA | 77% Closely correlated | -1.32% | ||
| MPWR - NVDA | 75% Closely correlated | -2.78% | ||
| MRVL - NVDA | 73% Closely correlated | -2.08% | ||
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