Trading Win: Robot Factory Earns 4.55% Gain with GOGL.
Trend Trader: Popular Stocks (TA&FA) is an AI trading robot that has been performing well in Tickeron's robot factory. Over a period of one week, the robot generated a return of 4.55% for GOGL, which is quite impressive. However, the recent movement of GOGL's stock price below its 50-day moving average on April 19, 2023, indicates a change from an upward trend to a downward trend.
Based on historical data, this shift in trend could lead to a further decline in GOGL's stock price within the next month. In fact, out of 40 similar past instances, the stock price decreased further in 33 cases. The odds of a continued downward trend are estimated to be around 82%.
Investors should take note of this change in trend and consider their positions in GOGL. While the AI trading robot has been performing well, it is important to consider the current market conditions and the potential risks associated with investing in GOGL at this time.
Looking at the company's recent earnings report, GOGL beat the earnings estimate with earnings per share of 34 cents, compared to the estimated 21 cents. With 383.60K shares outstanding, the current market capitalization of GOGL is 1.74B. These earnings results are positive and could potentially offset some of the downside risk associated with the change in trend. However, investors should carefully evaluate all factors before making any investment decisions.
In conclusion, the AI trading robot from Trend Trader: Popular Stocks (TA&FA) has been performing well in Tickeron's robot factory, generating a return of 4.55% for GOGL. However, the recent change in trend to a downward trend could indicate potential risks for investors. The historical data suggests that there is a high likelihood of a continued downward trend. Investors should consider these factors in conjunction with GOGL's positive earnings results before making any investment decisions.
GOGL sees MACD Histogram just turned negative
GOGL saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 25, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on GOGL as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent 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 GOGL 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 GOGL entered a downward trend on May 30, 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 shows that the ticker has stayed in the oversold zone for 5 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 Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 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 GOGL advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
GOGL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued 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 (0.790) is normal, around the industry mean (0.958). P/E Ratio (4.515) is within average values for comparable stocks, (6.676). GOGL's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.170) settles around the average of (0.167) among similar stocks. P/S Ratio (1.416) is also within normal values, averaging (1.319).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally 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 71, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. GOGL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued 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.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of dry bulk shipping services
Industry MarineShipping
GOGL and
Correlation & Price change
A.I.dvisor indicates that over the last year, GOGL has been closely correlated with SBLK. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if GOGL jumps, then SBLK could also see price increases.
| Ticker / NAME | Correlation To GOGL | 1D Price Change % | ||
|---|---|---|---|---|
| GOGL | 100% | -1.34% | ||
| SBLK - GOGL | 85% Closely correlated | -0.45% | ||
| GNK - GOGL | 80% Closely correlated | +1.99% | ||
| SB - GOGL | 74% Closely correlated | -3.59% | ||
| EGLE - GOGL | 71% Closely correlated | +1.60% | ||
| CMRE - GOGL | 65% Loosely correlated | +1.25% | ||
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