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Serhii Bond's Avatar
published in Blogs
May 24, 2023

Trading Bot's 69.24% Gains for NET & Aroon Indicator Signals Upward Move for NET

Investors in the stock market are constantly on the lookout for effective tools and strategies to maximize their gains. In recent news, an AI trading bot has generated impressive gains of 69.24% for the stock of NET, capturing the attention of many traders and investors.

Artificial Intelligence (AI) has revolutionized the way financial markets operate, bringing sophisticated algorithms and data analysis techniques to the forefront. These AI-powered trading bots are designed to analyze vast amounts of historical data, identify patterns, and make informed trading decisions in real time.

The AI trading bot's remarkable gain of 69.24% for NET showcases the potential of leveraging advanced technology in the financial sector. By utilizing complex algorithms, the bot can process large volumes of data and execute trades with speed and precision, enabling it to capitalize on market opportunities that might be missed by human traders.

While the specific strategy employed by the AI trading bot remains undisclosed, it likely incorporates a combination of technical indicators, fundamental analysis, and market sentiment. Technical indicators play a vital role in identifying potential entry and exit points for trades. One such indicator that could have played a part in the bot's success is the Aroon indicator.

The Aroon indicator measures the strength and direction of a trend. It consists of two lines: the Aroon up line, which measures the strength of the uptrend, and the Aroon down line, which measures the strength of the downtrend. When the Aroon up line crosses above the Aroon down line, it suggests an upward move is likely. This indication can be valuable for traders looking to identify potential buying opportunities.

In the case of NET, the Aroon indicator's upward move prediction aligns with the AI trading bot's impressive gains. The combination of the bot's sophisticated algorithms and the Aroon indicator's signal could have contributed to the bot's ability to capture the upward momentum in NET's stock price.

Related Ticker: NET

NET in +1.64% Uptrend, advancing for three consecutive days on June 09, 2023

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NET advanced for three days, in of 251 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 12, 2023. You may want to consider a long position or call options on NET as a result. In of 65 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 NET just turned positive on May 15, 2023. Looking at past instances where NET's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

NET moved above its 50-day moving average on May 18, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for NET crossed bullishly above the 50-day moving average on May 26, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 222 cases where NET 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 10-day RSI Indicator for NET moved out of overbought territory on June 07, 2023. 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 31 similar instances where the indicator moved out of overbought territory. In of the 31 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 53 cases where NET'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 NET declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

NET broke above its upper Bollinger Band on May 30, 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)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. NET’s price grows at a lower 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: P/B Ratio (32.154) is normal, around the industry mean (31.535). P/E Ratio (0.000) is within average values for comparable stocks, (167.703). Projected Growth (PEG Ratio) (2.688) is also within normal values, averaging (4.118). Dividend Yield (0.000) settles around the average of (0.068) among similar stocks. P/S Ratio (19.646) is also within normal values, averaging (77.847).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable 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 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NET’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Activision Blizzard (NASDAQ:ATVI).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 7.78B. The market cap for tickers in the group ranges from 291 to 2.4T. MSFT holds the highest valuation in this group at 2.4T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 21%. For the same Industry, the average monthly price growth was 28%, and the average quarterly price growth was 31%. WETG experienced the highest price growth at 16,127%, while TMNA experienced the biggest fall at -83%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -54%. For the same stocks of the Industry, the average monthly volume growth was -50% and the average quarterly volume growth was -43%

Fundamental Analysis Ratings

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

Valuation Rating: 53
P/E Growth Rating: 72
Price Growth Rating: 50
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: 8 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company, which engages in the provision of cloud-based services to secure websites

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
N/A
Address
101 Townsend Street
Phone
+1 888 993-5273
Employees
3217
Web
https://www.cloudflare.com
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NET and

Correlation & Price change

A.I.dvisor indicates that over the last year, NET has been closely correlated with DDOG. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if NET jumps, then DDOG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NET
1D Price
Change %
NET100%
+1.09%
DDOG - NET
84%
Closely correlated
-0.41%
ESTC - NET
77%
Closely correlated
+3.26%
TEAM - NET
76%
Closely correlated
+0.94%
CFLT - NET
76%
Closely correlated
+4.63%
AYX - NET
75%
Closely correlated
+1.09%
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